Removing credit capital difficulties for businesses

According to a synthesis of commercial banks in the province, in March and early April 2025, the average lending interest rates of banks have decreased to 7-9%/year for short-term loans, and over 9-10.5%/year for medium and long-term loans. Specifically, at Techcombank, lending interest rates range from 6-12.9%/year; Vietinbank from 6-9.6%/year; Agribank 6.5-13%/year. In early 2025, commercial banks will continue to review customers facing difficulties in production and business, find solutions to restructure debt repayment periods, expand lending sources, and reduce interest rates. The customer groups that the branch prioritizes for credit support are enterprises specializing in the production of consumer goods, enterprises importing and exporting goods, enterprises processing agricultural products, etc.

The reduction in lending interest rates by banks will have a positive impact, helping businesses reduce production costs, lower product consumption costs and improve operating efficiency. In addition to reducing interest rates, commercial banks are also flexible in the lending process: customers can borrow short-term loans, overdraft loans and long-term loans; businesses need to borrow capital for a period of less than 12 months to supplement working capital, purchase raw materials, goods, make payments or customers can borrow capital according to the credit limit, the bank will require businesses to have collateral, usually real estate such as houses, offices; valuable papers such as savings books or other assets such as cars, machinery and equipment, etc.

Mr. Luong Duc Cuong, Director of Agribank Thanh Liem Branch, said: For business loans, customers often need to borrow from 1 to 5 years to invest in projects, fixed assets, and expand production and business scale. This is considered a popular type of credit applied to medium and long-term loans to serve investment in office rental projects, commercial centers, urban areas, tourist areas, hotels, and factories. In addition, the branch also supports customers with overdraft loans, allowing businesses to withdraw capital exceeding the amount currently available in their payment accounts to make short-term spending transactions. The overdraft limit is usually calculated based on the financial capacity of the business. In order to resolve credit difficulties for businesses, the branch has proactively followed domestic and foreign economic developments to synchronously deploy solutions to create favorable conditions for customers to access bank capital, invest in restoring production and business, contributing to promoting economic growth associated with the safety of the credit institution system.

Activities at the transaction counter of the National Bank of Ha Nam Branch. Photo: Hoa Hau

According to experts, recently, commercial banks in the province have been flexible in the process of disbursing capital to businesses and promptly adjusting lending interest rates (reducing interest rates) to help businesses reduce costs to create financial resources to focus on long-term business strategies. This increases liquidity and the ability to maintain operations in a volatile market context.

Mr. Nguyen Van Hung, Director of a transport business in Phu Ly city, said: For businesses that regularly have to use bank capital, including short-term and medium-term loans, when the cost of capital is cheaper, businesses have more resources to expand production scale, invest in vehicles and machinery, improve labor productivity and maintain production expansion. For businesses that need capital to expand or maintain operations, when lending interest rates decrease, it will be a good opportunity to access cheaper capital, reduce financial costs, and facilitate investment and development.

According to the synthesis of the State Bank, Region VII, by the end of March 2025, the outstanding credit balance in the whole province reached more than 86 trillion VND, of which about more than 30% of investment capital was for business loans. To remove difficulties for production and business, according to Circular 02/2023/TT-NHNN, dated April 23, 2023 (amended and supplemented by Circular 06/2024/TT-NHNN), regulations on credit institutions, commercial banks, in addition to restructuring debt repayment time and maintaining the debt group to support customers in difficulty, commercial banks have supported with a total value of debt with restructured repayment period (including principal and interest) of about nearly 600 billion VND.

In the coming time, the State Bank in the region will continue to direct credit institutions to reduce costs, increase the application of information technology to reduce lending interest rates, promote credit growth, focus on production and business sectors, priority sectors; coordinate with the Provincial Business Association to regularly meet, exchange, listen to comments and recommendations from businesses to promptly develop goals, tasks, development solutions, support and help local businesses, especially small and medium enterprises, businesses facing difficulties due to storms and floods, finance, legal issues, land procedures, site clearance, etc. according to regulations; create favorable conditions for people and businesses to access bank loans; simplify loan procedures, publicize and make transparent lending processes and procedures, shorten loan approval time so that businesses and people can borrow capital conveniently and in the fastest time; At the same time, encourage expansion of operations and development of additional credit product packages suitable for each type of business.

Tran Thoan

Source: https://baohanam.com.vn/kinh-te/tai-chinh-ngan-hang/thao-go-kho-khan-ve-von-tin-dung-cho-cac-doanh-nghiep-155981.html