Enterprises in Dong Nai complain about difficulty in accessing loans

On the morning of March 21, Dong Nai Provincial People's Committee held a meeting and dialogue with businesses and cooperatives in the province.

Speaking at the conference, Mr. Vo Tan Duc - Chairman of Dong Nai Provincial People's Committee said that to complete the 2025 target of double-digit economic growth requires great efforts from both the political system and the business community.

Mr. Duc informed that there are 42 enterprises operating in the province but have not declared and paid taxes in Dong Nai.

Conference scene (Photo: Duy Phuong)

Some enterprises have implemented projects in Dong Nai but have not opened branches or representative offices. In 2024, the additional budget revenue of these enterprises will be more than 1,200 billion VND. Mr. Duc requested that enterprises properly fulfill their obligations according to the provisions of law and demonstrate social responsibility towards the localities where they operate.

At the conference, many opinions expressed difficulties and problems regarding borrowing capital and accessing bank credit.

Mr. Nguyen Tri Cong, Chairman of the Dong Nai Province Livestock Association, said that FDI enterprises enjoy low interest rates from foreign capital sources. Meanwhile, domestic enterprises have to borrow capital at high interest rates.

Mr. Nguyen Tri Cong - Chairman of Dong Nai Province Livestock Association (Photo: Duy Phuong)

Mr. Cong commented that although the bank has had support and priority policies, in reality, it is still difficult to bring policies to businesses.

According to Mr. Cong, in other countries, credit institutions have incentives for the agricultural sector or remote areas. In Vietnam, although banks have preferential policies for loans to invest in barns, equipment, breeding animals, etc., the settlement has not been favorable.

Also on this issue, Mr. Nguyen Tuan Mui, Chairman of the Board of Directors of Saigon Transport Group Joint Stock Company, said that his company has never been able to borrow at a preferential interest rate of 4-5% but has always had to borrow at high interest rates.

Mr. Nguyen Tuan Mui - Chairman of the Board of Directors of Saigon Transport Group Joint Stock Company (Photo: Vuong The)

According to Mr. Mui, in the past, when banks needed to disburse loans, they would invite businesses to borrow. But when his business wanted to borrow, they could not.

"It is very complicated for businesses to borrow money from banks. The Prime Minister requested to reduce interest rates, but in reality we cannot borrow at good interest rates. The reason is that banks have the power and require many procedures, so businesses cannot borrow money," said Mr. Mui.