Small businesses need to link up to expand bank loan opportunities

At the workshop, Mr. Nguyen Van Than acknowledged the efforts and thanked the banking sector for always accompanying small and medium enterprises. The high ratio of outstanding loans to private enterprises, including small and medium enterprises, proves that this sector is developing.

However, it is a fact that if small businesses fumble to borrow, they are easily rejected. But we must also frankly admit that we need to sympathize with banks because the pressure on banks' revenue is very large. Commercial banks are also businesses, under the management of the State Bank, so the story here is borrowing capital but also needing resources to repay. There is no other way, businesses must improve themselves with science and technology, in addition to science and technology, it is necessary to link businesses together.

To access bank capital, according to Mr. Nguyen Van Than, small and medium enterprises have no other choice but to join together, gather information and records about the Association. The Association will be the representative, both introducing and acting as a bridge, connecting businesses with banks. Through the Association, the prestige and lending banks are also much more secure. In addition, according to Mr. Than, there needs to be a way to connect the Association with local units and industries so that connecting and supporting businesses and partners is easier and more effective.