The Vinh Phuc Provincial Development Investment Fund has continuously grown and become one of the important financial support channels to help businesses access development investment capital and credit guarantees for priority local development projects, especially projects to develop economic and social infrastructure.
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| Loan for clean water project in Song Lo district, Vinh Phuc province. |
Vinh Phuc Provincial Development Investment Fund was established in 2012, on the basis of upgrading and developing from the Credit Guarantee Fund, performing the functions of direct investment, investment lending, capital mobilization, capital contribution to establish enterprises, receiving trust and entrustment, credit guarantee; operating under the model of the Social Policy Bank, implementing financial autonomy, not for profit, preserving and developing capital.
12 years of continuous growth
With initial operating capital of nearly 90 billion VND and now increased to more than 400 billion VND, since its establishment, the Fund has lent and guaranteed credit for hundreds of projects and businesses, with loan and guarantee turnover reaching more than 1,000 billion VND.
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| Loan for investment project of PET-CT imaging system of Lac Viet Friendship Hospital. |
After 12 years of operation, the Fund has become one of the important financial support channels to help many businesses in the area expand their production and business scale, improve their competitiveness... Loans and guarantees are mainly invested by businesses and customers in the fields of infrastructure construction, clean water systems, wastewater treatment, public transport and investment in construction, renovation and upgrading of projects serving production, agricultural and rural development...
In lending and investment activities, the Fund has proposed many solutions to call for and attract businesses to cooperate and use capital. Specifically, the Fund has coordinated with relevant departments and branches to review and synthesize projects and investors in priority areas for economic and social development investment according to the Resolutions of the Provincial Party Committee and Provincial People's Council to contact and call for.
At the same time, proactively coordinate with local credit institutions such as Agribank Vinh Phuc, Agribank Vinh Phuc II, Vietinbank Vinh Phuc and a number of other credit institutions to exploit, search for customers, appraise and implement guarantees, loans in accordance with regulations, ensuring capital safety. At the same time, coordinate with functional sectors and credit institutions to remove capital difficulties for businesses.
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| Fund staff and guests attended the 10th anniversary celebration of the Vinh Phuc Provincial Development Investment Fund. |
The Fund operates not for profit, preserves and develops capital, mobilizes capital, lends, invests, guarantees, entrusts and accepts entrustments in accordance with the law (receives entrustment of credit guarantee funds). The Fund's lending subjects are investment projects in the list of priority economic and social infrastructure sectors for development in the province.
In addition to lending, from 2017 to present, the Fund has performed the function of capital mobilization and promoted the role of "seed capital" to call for capital mobilization from organizations and economic sectors to participate in investment in many forms such as: Investment cooperation to jointly implement projects; mobilizing capital for loans and is building a plan to contribute capital to establish enterprises, etc.
Some projects that the Fund focuses on lending for investment and bringing practical results to local people include: Housing construction project for workers and low-income people in Khai Quang ward, Vinh Yen city; upgrading and renovating infrastructure of Sao Mai Vinh Yen private kindergarten; investment project for clean water plant system in Song Lo district; investment project for public transport system by bus...
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| Loan for project to purchase medical equipment and machinery at Vinh Phuc General Hospital. |
Prioritize customer growth
In the coming time, to promote the effectiveness of capital sources and enhance investment cooperation capabilities, the Fund will continue to review and reorganize its apparatus and improve its management methods; enhance the efficiency of capital mobilization, build and perfect operational procedures for investment lending, direct investment, capital contribution to establish enterprises, and risk management.
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| Staff of Vinh Phuc Provincial Development Investment Fund attended the Conference. |
At the same time, continue to expand lending activities while improving quality and efficiency, focusing on areas that need to be developed according to the province's socio-economic development plan. At the same time, closely coordinate with credit institutions and investors to promote support activities for businesses through guarantees and other forms of support... Thereby, supporting and promptly meeting capital needs for businesses.
In addition, actively promote the Fund's activities so that businesses and organizations know and proactively contact it. Simplify investment and development procedures and credit guarantees; resolutely recover bad debts, remove difficulties for customers... according to the motto "Customer development is the existence and prosperous development of the Fund".
In the period of 2020-2025, with a vision to 2030, the Fund aims to directly participate in infrastructure investment in 1 to 3 industrial cluster, craft village, and socio-economic infrastructure projects; implement over 20% of direct investment equity capital; mobilize capital contributions from participating organizations and individuals of at least VND 5 billion/project; the average annual investment loan outstanding ratio reaches over 80% of the capital for lending activities.
Vinh Phuc Provincial Development Investment Fund strives for a charter capital of over 600 billion VND; an average annual revenue growth of 10% or more... gradually building the Fund into a strong, professional, and trustworthy financial organization in the direction of "Prosperity and comprehensive development".
Vinh Phuc Provincial Development Investment Fund Address: Dong Da Ward - Vinh Yen City - Vinh Phuc Province Tax code: 2500425815 |
Source: https://baoquocte.vn/quy-dau-tu-phat-trien-tinh-vinh-phuc-phan-dau-tro-thanh-to-chuc-tai-chinh-vung-manh-chuyen-nghiep-tin-cay-299153.html
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