Banks further create favorable conditions for businesses to access credit capital

Early November 16, the State Bank of Vietnam - Binh Duong Branch coordinated with the Bank for Agriculture and Rural Development (Agribank) - Song Than Industrial Park Branch in Di An city to organize a conference connecting banks - businesses  in Di An and Thuan An cities in 2023.

At the conference, businesses focused on discussing current difficulties and bottlenecks in interest rates, mechanisms, administrative procedures... that have hindered businesses from accessing loans. Particularly, currently loan interest rates have decreased, but are still not at the level expected by businesses in production and business conditions that have still faced many difficulties. Some credit packages have preferential interest rates, but loan conditions are still restrictive. Therefore, businesses' ability to absorb capital is limited. It is recommended that credit institutions should reduce procedures for loan and simplify administrative procedures for corporates and employees...

At the conference, leaders of the State Bank of Vietnam - Binh Duong Branch and representatives of commercial banks informed of policies to support businesses in the field of loans; answered and clarified businesses' opinions while saying that in the coming time, the province’s banking sector will continue coordinating with functional agencies and units to create favorable conditions for businesses to access credit capital, investing in production and business development.

Reported by Thanh Hong-Translated by Kim Tin