Upcoming Workshop "Bank capital contributes to promoting private economy"

The workshop is an important opportunity to evaluate the achievements of the private economic sector, and is also a forum for managers, scientists, bankers, and businesses to discuss and find practical solutions to strongly promote the development of this sector.

Upcoming Workshop "Bank capital contributes to promoting private economy"

In recent times, the Party and State have identified the private economy, especially private enterprises, as an important driving force in creating jobs, promoting innovation and contributing to national GDP growth.

The banking industry, as the "bloodline" of the economy, has introduced many policy mechanisms, especially credit with reasonable interest rates to help businesses expand production and business and improve competitiveness.

Accordingly, the State Bank continues to implement solutions to remove difficulties in accessing bank credit, especially for SMEs; strengthen the implementation of the business-bank connection program nationwide, to enhance information and direct dialogue between commercial banks and customers in the area, to grasp the actual support needs of businesses; promote communication, including integrating content related to the State Bank's policies and products and services of credit institutions to improve people's and businesses' access to information.

At the same time, the State Bank regularly directs credit institutions to effectively expand credit, increase access to credit capital for businesses; requires credit institutions to reduce operating costs to reduce lending interest rates to support the economy in general and the private economic sector in particular to develop, contributing to promoting growth.

Not only providing capital support, banks also help businesses access new technology, expand production scale and improve their competitive position both domestically and internationally... These solutions are becoming important catalysts promoting the strong development of the private economic sector, creating sustainable values ​​for the economy.

Although the private economic sector has developed strongly, businesses still face many difficulties. In particular, the scale of businesses is still small, with only 2% of private businesses being large enterprises, while the majority are SMEs and micro-enterprises. This leads to limitations in financial potential and competitiveness. This is also one of the reasons why businesses, especially SMEs, still face many difficulties in accessing capital.

At the workshop, speakers and delegates will discuss and find practical solutions to remove obstacles so that bank capital can be used more effectively and contribute more to the development of the private economic sector.