It is not difficult to increase credit by 16%, the problem is using capital effectively.

Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Ho Chi Minh City, said that using capital effectively to promote economic growth is the current issue.

Không khó để tăng tín dụng 16%, vấn đề là sử dụng vốn hiệu quả - Ảnh 1. — Mr. Nguyen Duc Lenh - Deputy Director of the State Bank of Vietnam, Ho Chi Minh City Branch - Photo: QUANG DINH

At the workshop "Using capital effectively to promote economic growth" organized by Tuoi Tre newspaper this morning, February 28, Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Ho Chi Minh City, informed that the city's banking sector is currently focusing on three things: directing local banks to meet capital needs with good interest rates, reducing input costs, simplifying lending procedures, disbursing effectively and doing a good job of connecting banks and businesses.

This year, the total amount of money registered to participate in the preferential credit package to participate in the bank-enterprise connection program in the area reached VND517,065 billion, higher than the VND510,000 billion of last year. The problem is how to help businesses access capital effectively.

With this year's credit growth target of 16% and GDP reaching 8%, according to Mr. Lenh, it is completely achievable. The core issue is the ability of enterprises to absorb capital so that capital can be used effectively.

Regarding feedback related to capital access, especially preferential loan packages, Mr. Lenh said that recently, the export sector, food and coffee industries have received many incentives, and interest rates are also very preferential because these are effective industries, the growth drivers of the economy.

"We will take note of the difficulties of businesses and resolve them in the near future. However, businesses must also share that if the error is slow in processing documents, we can resolve it, but if it is related to credit regulations and principles, banks must comply to ensure credit safety and avoid creating more bad debts," Mr. Lenh emphasized.

Không khó để tăng tín dụng 16%, vấn đề là sử dụng vốn hiệu quả - Ảnh 2. — Transaction at Techcombank, District 1, Ho Chi Minh City - Photo: QUANG DINH

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Không khó để tăng tín dụng 16%, vấn đề là sử dụng vốn hiệu quả - Ảnh 3.

Hope for stable interest rates in the long term

Although there are high expectations with the information that banks are loosening credit, banks are also launching a series of loan packages with attractive interest rates, but many businesses and people believe that loan interest rates must be stable before calculating long-term business loans.

Source: https://tuoitre.vn/khong-kho-de-tang-tin-dung-16-van-de-la-su-dung-von-hieu-qua-20250227204303847.htm