More than 160 Dak Nong enterprises connect with banks

On October 9, the State Bank of Dak Nong Branch organized a conference to connect banks and businesses in 2024. Deputy Secretary of the Provincial Party Committee, Chairman of the Dak Nong Provincial People's Committee Ho Van Muoi; leaders of departments, branches, localities and more than 160 businesses attended.

More than 160 businesses and leaders of local departments and branches attended the conference.

At the conference, many businesses raised difficulties and obstacles in accessing capital at credit institutions today. Among them, many issues related to mortgaged assets, loan terms, and strict loan procedures...

Regarding the mortgaged assets, Mr. Nguyen Kha, Director of Dai Dung Joint Stock Company, said that the company's total investment was more than 500 billion VND. However, the company could not borrow any money from banks in Dak Nong.

Mr. Nguyen Kha, Director of Dai Dung Joint Stock Company, Tam Thang Industrial Park, Cu Jut District (Dak Nong) raised difficulties in mortgaging assets on land.

The reason is that the company has to pay land rent annually, not in one lump sum. This does not qualify the bank to lend capital for assets on land.

“We want the locality to create conditions for us to access bank loans. Because in the difficult economic context, it is impossible for businesses to invest 100% of their own capital,” Mr. Kha affirmed.

Mr. Nguyen Cong Quy, Director of Huong Que Coffee Company, Dak Mil District (Dak Nong) hopes that credit institutions will create favorable conditions for the unit to borrow capital in the form of unsecured loans.

Mr. Nguyen Cong Quy, Director of Huong Que Coffee Company, hopes that credit institutions will create conditions for businesses to borrow capital in the form of unsecured loans.

In addition to existing mortgaged assets, banks should consider and create conditions for businesses to borrow capital for contracts with partners of great value and high economic efficiency.

Ms. Tran Thi Diu, Director of An Phat Trading and Service Company Limited, Gia Nghia (Dak Nong) proposed that commercial banks extend loan terms.

Regarding the loan term, Ms. Tran Thi Diu, Director of An Phat Trading and Service Company Limited, Gia Nghia (Dak Nong) said that the enterprise is borrowing capital from the bank but the term must be renewed after 6 months.

“The imported goods have not been exported yet, the capital turnover is not enough and we have to worry about the bank maturity. We hope that the bank will consider extending the loan term to help businesses have time to rotate capital,” Ms. Diu suggested.

Chairman of Dak Nong Business Association Nguyen Tri Ky proposed that credit institutions need to be more flexible in implementing loan conditions and procedures, creating favorable conditions for business development.

Chairman of Dak Nong Business Association Nguyen Tri Ky stated that currently, the Government and the State Bank have given timely instructions but very few businesses have access to capital.

Because there are many criteria and conditions set forth by different credit institutions, credit institutions need to be more flexible in implementing loan conditions and procedures, creating favorable conditions for business development.

Chairman of Dak Nong Young Entrepreneurs Association Nguyen Ngoc Chinh proposed that banks reduce lending interest rates for businesses.

Regarding the problems raised at the conference, representatives of credit institutions, departments, branches and localities answered the questions for businesses.

According to the State Bank of Vietnam branch in the province, by the end of September 2024, Dak Nong had more than 800 out of about 4,700 operating enterprises borrowing capital from credit institutions in the area, with outstanding loans of nearly VND 7,230 billion; accounting for 14.61% of the total outstanding loans of the entire economy in Dak Nong.

Deputy Director of Agribank Dak Nong raised the difficulties of credit institutions in the process of researching projects for lending.

Speaking at the conference, Deputy Secretary of the Provincial Party Committee and Chairman of the Dak Nong Provincial People's Committee Ho Van Muoi emphasized that Dak Nong is facing many difficulties. Only when these obstacles are removed can businesses in particular and Dak Nong in general develop.

"We are frank, acknowledge the difficulties and obstacles, share and resolve them promptly to find a common voice," affirmed Deputy Secretary of the Provincial Party Committee and Chairman of the Dak Nong Provincial People's Committee Ho Van Muoi.

Director of the State Bank of Dak Nong Branch Pham Thanh Tinh said that Dak Nong currently has about 800 enterprises borrowing capital from credit institutions, with outstanding debt of nearly 7,230 billion VND.

The Chairman of Dak Nong Provincial People's Committee emphasized why businesses in the province cannot access capital locally but have to go outside to borrow from other credit institutions.

Perhaps, apart from personal relationships, are credit institutions in Dak Nong too reserved? The State Bank of the province is surveying the number of businesses borrowing capital from outside the province to receive opinions. On this basis, find solutions to overcome each difficulty.

Deputy Secretary of the Provincial Party Committee, Chairman of the Dak Nong Provincial People's Committee Ho Van Muoi directed the State Bank of the province to investigate the number of enterprises having to borrow capital from outside the province and find the causes and solutions to remove difficulties.

As for the Provincial People's Committee, it will always create the best conditions related to credit activities. Dak Nong creates favorable conditions for credit institutions to operate transparently and effectively, and promptly deploy policies to the business community.

Source: https://baodaknong.vn/hon-160-doanh-nghiep-dak-nong-ket-noi-voi-ngan-hang-231306.html