Credit support programme benefits 4,000 firms in HCM City
More than 4,000 enterprises in Ho Chi Minh City were provided with credit loans worth over 124.3 trillion VND (nearly 5.47 billion USD) in the first five months of this year.
The signing ceremony for the cooperation programme on credit support between businesses and commercial banks (Source: VNA)
HCM City (VNA) – More than 4,000enterprises in Ho Chi Minh City were provided with credit loans worth over124.3 trillion VND (nearly 5.47 billion USD) in the first five months of thisyear under a cooperation programme on credit support between businesses and commercialbanks.
The information was unveiled at a conference connectingbanks with businesses in thecity, which was jointly organised on June 16 by themunicipal Department of Industry and Trade, the State Bank of Vietnam (SBV) inHCM City, and the Vietnam Joint StockCommercial Bank forIndustry and Trade (VietinBank).
Initiated in HCM City in 2012, the programme has expanded to other localitiesnationwide. It was included in the National Target Programme on supportingbusiness development by 2020.
According to the SBV’s HCM City branch, the programme significantly contributedto promoting production and business activities of local enterprises throughhelping them easily access preferential loans.
Vice Director of the SBV’s HCM City branchNguyen Hoang Minh said the central bank will continue supervising the implementationof credits under the programme.
This year, apart from capital for the business field, the programme will focuson agriculture, high-tech businesses; start-up enterprises, and firms turnedfrom business households.
Deputy Minister of Industry and Trade Ho Thi Kim Thoa hailed the municipalauthority for its efforts to encourage commercial banks to provide their creditsupport for enterprises operating in support and high-tech industries and smalland medium-sized enterprises, which usually meet difficulty in accessing loans.
At the conference, Vietinbank’s HCM City branch signed a credit support contractwith total committed loansreaching over 8 trillion VND (352 million USD).
From 2012 to the end of April this year, Vietinbank lent 310.8 trillion VND (nearly 13.7 billion USD) to 2,496 customers.
From the beginning of this year, the totaldisbursement of Vietinbank’s HCM City branch for local enterprises under theprogramme hit over 49.2 trillion VND (2.16 billion USD), leading among commercialbanks joining the programme./.
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The signing ceremony for the cooperation programme on credit support between businesses and commercial banks (Source: VNA) 
