Difficult access to capital means that the 5 priority sectors only account for 2.32% of total outstanding loans.

According to data from the State Bank of Quang Tri Province Branch, the total outstanding loans in the province by the end of August 2024 reached VND 53,169 billion, of which loans to enterprises reached VND 12,826 billion, accounting for 24.3% of the total outstanding loans in the area.

In order to increase access to capital for enterprises organizing production and business activities, in recent times, the State Bank of Vietnam Provincial Branch has continued to promote the implementation of the bank-enterprise connection program, requiring credit institutions to create conditions for customers to access credit sources; register the time, location, and content of the bank-enterprise connection conference to grasp and promptly remove difficulties and obstacles for customers; review and simplify the credit granting process and procedures, apply digital transformation to the credit granting process, and reduce costs to reduce lending interest rates. Up to now, the lending interest rate level compared to the end of 2023 has decreased by 1% - 2%/year.

Notably, currently, short-term lending interest rates for 5 priority sectors (rural agricultural lending, export, small and medium enterprises, supporting industries and high-tech enterprises) have a maximum lending interest rate of 4%/year.

This is the lowest interest rate since the Government applied this preferential mechanism. However, outstanding loans for this sector in Quang Tri are relatively low, reaching VND1,235 billion, accounting for 2.32% of total outstanding loans, of which loans for agriculture and rural areas are VND1,161 billion, and loans for small and medium enterprises are VND74 billion.

It is known that to access loans for the above 5 fields, businesses need to meet the bank's standards and appraisal conditions on production technology, business strategy, and labor.

However, most businesses in the province are small and micro enterprises, so they lack collateral, have low business efficiency, unreliable financial reports, lack long-term business strategies and feasible business plans, making it difficult to access this preferential loan source.

Mai Lam

Source: https://baoquangtri.vn/kho-tiep-can-nguon-von-nen-nbsp-5-linh-vuc-uu-tien-nbsp-chi-nbsp-chiem-2-32-tong-du-no-cho-vay-188373.htm