Bank capital is a lifeline for private enterprises. Enterprises hope not only to borrow capital but also to borrow at 0% interest for the technology sector.
Bank loans are a lifeline for many private businesses. In the photo: Workers at a textile company in Hai Yen Industrial Park, Quang Ninh - Photo: NGUYEN KHANH
Private enterprises expect banks to lend 0% interest for innovation
Speaking at the opening ceremony of the seminar on bank capital contributing to promoting the private economy organized by Thoi Bao Ngan Hang on March 21, Mr. Nguyen Kim Hung - Chairman of the Board of Directors of Kim Nam Group - shared that most of the capital of private enterprises depends on banks. In other words, banks are the "lifesaver" of capital for any private enterprise.
To help businesses make a breakthrough, Mr. Hung suggested that the banking industry have policies and institutions to support lending for business innovation. Because without investing in technology, businesses will find it difficult to make a breakthrough.
Currently, no bank prioritizes lending for innovation and investment in platforms. Therefore, businesses expect the banking industry to have a mechanism for lending for innovation, with an interest rate of only 0%/year.
"Without bank support, the process of transforming a business's science and technology could take 10 years. But with bank support, the time will be cut in half, or even just 2-3 years," said Mr. Hung.
Nearly half of loans are pumped by banks to private enterprises
Regarding information on bank credit activities for private enterprises, at the workshop, Mr. Dao Minh Tu, Deputy Governor of the State Bank, said that the results were very positive.
Accordingly, outstanding credit loans to private enterprises by the end of 2024 will reach about 7 million billion VND, an increase of 14.7% compared to 2023, accounting for 44% of total outstanding loans of the whole economy. Of which, 100 credit institutions have outstanding loans to small and medium enterprises, with a total outstanding loan balance of 2.74 million billion VND.
Although the private economic sector has grown strongly with nearly 1 million enterprises and about 5 million individual business households, contributing nearly 50% of GDP, businesses still face many difficulties.
Most of the enterprises are small and medium-sized, with limited financial resources and competitiveness. This is also one of the reasons why private enterprises still face many difficulties in accessing capital.
"How can the private economy make a breakthrough? In my opinion, private enterprises need to be more accurate in financial reporting and cash flow. In addition to capital, small and medium-sized enterprises in the private economic sector must also apply digital technology, link up in chains... and other policies. Only then will banks feel secure in lending" - Mr. Tu commented and added that banks must be able to collect debts when lending. No bank dares to lend regardless of the efficiency of capital.
According to Ms. Phung Thi Binh - Deputy General Director of Agribank, in the coming time, Agribank hopes to continue providing capital to small and medium enterprises with effective business plans.
Currently, Agribank is implementing 9 preferential credit programs for all subjects, including 8 programs for private economic households, including import-export enterprises, small and medium enterprises, consumer production and business...
In these programs, the interest rate applied is 1-2% lower than normal loans and there are preferential programs for import and export and participation in the value chain.
Source: https://tuoitre.vn/doanh-nghiep-doi-moi-sang-tao-mong-vay-von-ngan-hang-voi-lai-suat-0-20250321155341322.htm
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