The State Bank will promote the programme connecting banks and businesses.

DNHN - The State Bank will promote the bank-business connection programme to improve customer access to credit capital by increasing access to information, identifying needs, promptly resolving difficulties and obstacles in credit relations

The State Bank of Vietnam (SBV) hosted a Bank-Enterprise Connection Conference in Thai Nguyen province on the afternoon of October 4.

The State Bank of Vietnam has organised eleven thematic conferences and meetings by the Government's directive to foster connection, exchange, and comprehension of the difficulties and obstacles businesses face in accessing credit on multiple levels. Discuss ways to improve access to credit for a variety of subjects, industries, and fields, including real estate, small and medium-sized enterprises (SMEs), cooperatives, forestry, fisheries, and rice sectors, as well as at numerous Bank-Business Connection Conferences.

Although the entire banking industry has made efforts to implement guidelines, policies, and solutions, many of which are implemented with the own resources of credit institutions, the availability and accessibility of credit remain limited, according to State Bank leaders. Enterprises across the nation, and in Thai Nguyen province in particular, continue to face numerous difficulties and obstacles.

Specifically, other capital mobilisation channels, especially the capital market, have been ineffective. The decline of objective factors such as investment demand, production, business, and consumption; Some customer groups have needs but do not meet loan conditions, particularly small and medium-sized businesses; the impact of the real estate group's ability to absorb credit. After a period of economic difficulty, when the enterprise's operations are difficult to prove effective (high input costs, imported raw materials, output markets, orders, etc.), the level of risk is evaluated as higher.

Pham Thanh Ha, Deputy Governor of the State Bank of Vietnam, stated that he will continue to direct credit institutions to continue reducing costs and enhancing transformation after hearing feedback from representatives of the Provincial Business Association and businesses. digital technology, application of information technology, and other solutions to continue reducing lending interest rates for both new loans and existing outstanding loans...; continue to review and simplify internal processes and procedures to facilitate customers' ability to access and absorb capital; Deploy solutions to remove obstacles for borrowers in various fields and industries, such as policies to restructure debt repayment terms and maintain the same debt levels;

The State Bank will promote the bank-business connection programme to improve customer access to credit capital by increasing access to information, identifying needs, promptly resolving difficulties and obstacles in credit relations, and gaining a better understanding of business needs. individuals, businesses...

"In the spirit of accompanying and sharing with individuals and businesses, the banking industry is prepared to implement solutions to eliminate obstacles and meet the demand for credit capital for economic development. Through the solutions of the banking industry and the coordination of local leaders, associations will assist individuals and businesses in the province in overcoming obstacles, promoting production and business activities, and generating momentum for local socio-economic development. Mr Pham Thanh Ha anticipated that the method would contribute to the overall development of the country in the coming years.

Ms. Nguyen Thi Vinh, Chairwoman of the Thai Nguyen Provincial Business Women's Association, Vice Chairwoman of the Thai Nguyen Provincial Business Association, and General Director of Thai Hung Trading Joint Stock Company, praised the State Bank of Vietnam's efforts to increase the frequency of contact and exchange of funds. Four times, customers and businesses were directed to reduce interest rates to eliminate obstacles for businesses. However, Ms. Nguyen Thi Vinh also stated frankly that the business climate remains extremely difficult. In comparison to the decline in deposit interest rates, the decline in lending rates is still too sluggish. This company's calculations indicate that the deposit interest rate has decreased by 2% while the lending interest rate has decreased by only 0.5% to 1%. When Ms. Vinh mentioned this matter, "local banks" According to some feedback, a 1% reduction is significant because banks are also experiencing difficulties."

TH