Banks support businesses to increase access to capital
In response to the high capital needs of small and medium enterprises, many banks have developed financial solution packages to help businesses access the capital and credit required for their production and operational activities.
Business support
From now until June 30, 2025, Viet A Commercial Joint Stock Bank (Viet A Bank) is launching the program "Accompanying Small and Medium Enterprises," with a total preferential loan limit of up to 500 billion VND and competitive interest rates starting at just 7.9% per year. This initiative aims to support small and medium enterprises (SMEs) needing capital to expand production, supplement working capital, or invest in new projects.
SMEs borrowing capital for a maximum recognition period of 6 months will benefit from preferential loans at a fixed interest rate of 7.9% per year. For loans with a recognition period of 6 months or more, SMEs will enjoy this fixed rate for the first 3 months. Starting from the 4th month, the interest rate will be adjusted according to the current regulations of Viet A Bank. Additionally, businesses can borrow capital with flexible limits tailored to their financial needs. The loan application process is straightforward, and quick disbursement time will enable businesses to access the necessary capital promptly and effectively.
Meanwhile, to support SMEs, Bac A Commercial Joint Stock Bank (Bac A Bank) has launched a preferential program called "Immediate Fee Reduction - Profit in Hand," which will be implemented throughout 2025. The loan package reduces service fees by up to 50% and reduces loan interest rates by up to 1%/year. The preferential packages are designed to suit the conditions and priority levels of using the bank's products and services, such as short-term loans; issuing guarantees; issuing capital arrangement commitments; international payments (LC/ TTR/...); foreign currency trading; payment negotiation/discounting of documents; salary payment services/Internet banking...
Diversified credit solutions
Since the second half of 2024, the global economic situation has experienced ongoing fluctuations, leading to significant financial pressures for domestic SMEs. To help these businesses navigate this challenging period, joint stock commercial banks have proactively implemented specific policies. These include preferential interest rate loan packages and specially designed procedures aimed at facilitating easier and more effective access to capital for businesses.
Mr. Le Thanh Phuong, Deputy Director of SME Customer Department of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietin Bank), said that For SME customers, the bank requires only a few types of documents, including business registration papers, legal documents, personal documents related to the business owner—documents that most businesses typically have—collateral asset documents, and business licenses for specific industries as mandated by law. Customers can select loan terms ranging from 1 month to less than 12 months, along with business plans tailored to their specific profiles. Throughout the business process, Vietin Bank offers flexible and suitable response measures based on discussions and agreements with customers, addressing their individual needs. If customers have suggestions for changes or adjustments, the bank is prepared to provide appropriate solutions.
According to banks, in 2025, the domestic business community will continue to have advantages and opportunities for growth, but it will also face numerous difficulties and challenges. In this context, the banking industry is consistently enhancing its financial products to offer comprehensive solutions for the business community as a whole, particularly for SMEs. This support aims to help businesses overcome obstacles and serve as a stepping stone for significant breakthroughs. |
According to Mr. Ngo Thanh Trung, Director of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcom Bank) - Binh Duong Branch, Small and medium-sized enterprises (SMEs) represent a significant portion of domestic businesses and play a crucial role in driving production and fostering socio-economic development in our country. Vietcombank is committed to addressing the practical needs of its customers. Additionally, the bank aims to support businesses in reducing costs and improving access to capital to achieve optimal operational efficiency.
In 2025, Vietcombank will focus its credit growth on specific customer segments and industries. The Binh Duong Branch of Vietcombank will particularly emphasize lending to wholesale customers, foreign-invested enterprises, small and medium-sized enterprises, production and business households, as well as priority industries and sectors in Binh Duong. Additionally, the branch will aim to increase the proportion of loans for production and business, while maintaining its real estate loans, consumer loans, and loans for living services.
Reported by Thanh Hong - Translated by Ngoc Huynh
