The paradox is that farmers and small and medium enterprises want to borrow capital, banks also want to lend but cannot borrow. Where is the bottleneck?
Mr. Dao Minh Tu (right) speaks at the conference - Photo: CHI QUOC
On November 18, in Can Tho, a workshop was held on "Promoting credit for key agricultural products, bringing the Mekong Delta to rapid and sustainable development" organized by the People's Representative newspaper.
At the workshop, Mr. Thach Phuoc Binh - Deputy Head of the National Assembly Delegation of Tra Vinh province - raised concerns with the Permanent Deputy Governor of the State Bank of Vietnam Dao Minh Tu when, according to the State Bank's report, only 30% of farming households and small businesses have access to credit loans with preferential interest rates.
Mr. Binh asked to know what is the "bottleneck" that makes it difficult for farmers to access loans? Dr. Tran Du Lich (economic expert) said that he also received many questions about this, specifically why people want to borrow, banks have excess money and also want to lend but cannot borrow?
Answering this question, Mr. Dao Minh Tu said that the Party and the State in general, and ministries and branches in particular, have many policy mechanisms to help farmers, cooperatives, and production households access models, including credit.
Citing the activities of cooperatives, Mr. Tu said that it is necessary to look at the picture of cooperative development to see if it is sustainable, substantial, healthy and effective, because these are related to the conditions for accessing credit.
"Bank capital for farmers and cooperatives to borrow only a few tens of millions of dong is not too large, the risk for each person is not large, of course many people will be large.
The story of credit is that there must be conditions, as for the minimum conditions for cooperatives and farming households, we believe that the bank has policies, for example, with businesses or some other projects, transactions must have collateral, but for farming households, they only need a red book or property on land to bring to the bank for a loan, but many times they do not have it, that is also the reason.
Or what is an effective production and business plan, what is the business management capacity for cooperatives and small and medium enterprises, how can banks accept credit without collateral as long as they can manage cash flow and collect debts. Otherwise, if they cannot prove it, the bank will definitely not lend," Mr. Tu explained.
Mr. Tu also acknowledged that businesses, cooperatives, and farmers really want to borrow capital, banks also really want to lend but cannot borrow, how to solve that bottleneck, the policy mechanism as well as the direction, management, and implementation are very drastic but the results are not as expected.
Contributing to this issue, Dr. Can Van Luc - BIDV chief economist and director of BIDV Training and Research Institute - proposed a number of solutions such as diversifying credit sources in addition to sources from commercial banks; recommendations on unsecured loans, cash flow loans, supply chain financing, inventory financing on the basis of agricultural enterprises and business households must be more transparent...
Source: https://tuoitre.vn/nong-dan-muon-vay-ngan-hang-rat-muon-cho-vay-nhung-vi-sao-khong-vay-duoc-20241118135147657.htm
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