Enough 500,000 billion VND for infrastructure development and digital technology

On the afternoon of April 24, the State Bank held a working session with ministries, branches and four state-owned commercial banks to deploy a VND500,000 billion credit package for businesses investing in infrastructure and digital technology .

At the meeting, Deputy Governor of the State Bank of Vietnam Dao Minh Tu expressed that this is a period requiring a huge amount of capital for development investment in response to the requirements of rapid economic development, aiming for double-digit GDP growth.

The banking industry has begun to disburse a VND500 trillion credit package for businesses investing in infrastructure and digital technology.

Currently, investment for key projects includes many different sources of capital, such as the budget, FDI capital, etc. However, bank credit is still an important source of capital. Based on this reality, the Prime Minister has directed the State Bank to develop and implement a preferential credit package of about VND 500,000 billion for science and technology, innovation and strategic infrastructure. According to Deputy Governor Dao Minh Tu, this is a difficult problem in the context of many preferential credit packages being implemented, some programs are disbursed very well but there are still credit packages stuck by a number of factors such as not meeting loan conditions, etc.

Regarding the VND500,000 billion credit package for businesses investing in infrastructure and digital technology, Mr. Dao Minh Tu said that banks that have committed to participating have basically prepared enough capital and have many incentives for projects, such as preferential interest rates and medium and long-term loans.

"The banking sector is ready to implement the VND500,000 billion credit package," the Deputy Governor affirmed. However, for this credit package to be effective, a number of conditions are needed for the banking sector to be more proactive in arranging capital sources, namely: Ministries and sectors need to have plans and orientations on capital needs for projects in each stage, capital needs from the budget, capital from banks, etc.

Regarding the remaining difficulties in the fields of transport infrastructure, energy, electricity, etc. and other key projects, the State Bank representative said that these problems need to be resolved with the active participation of ministries and branches.

Thuy Linh

Source: https://congthuong.vn/da-du-500000-ty-dong-cho-phat-trien-ha-tang-va-cong-nghe-so-384715.html