There have been 8 projects in the fields of infrastructure investment, healthcare, culture, and education approved by HFIC to receive loans with 50-100% interest support from the Ho Chi Minh City budget.
On November 8, the Department of Industry and Trade of Ho Chi Minh City and the Ho Chi Minh City State Financial Investment Company (HFIC) held a conference to implement the interest rate support policy for investment projects in 4 key industries and supporting industries in the locality that are lent by HFIC under Resolution No. 98/2023/QH15 and Resolution No. 09/2023/NQ-HDND.
Here, Mr. Nguyen Quang Thanh, Deputy General Director of HFIC said that HFIC has coordinated with districts, towns and Thu Duc City as well as related departments and agencies to gather and review and approve loan plans for dozens of projects within the scope of the interest rate support program.
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| Mr. Nguyen Quang Thanh, Deputy General Director of HFIC, said that capital sources to implement interest rate support loans have been allocated to the agencies ready for disbursement. |
In the infrastructure sector, the industrial waste treatment center project in Cu Chi district has completed its documents and has been approved by HFIC for a loan with a maximum interest rate of 70%. In the healthcare sector, two hospital projects (Tam Anh Hospital and Trieu An Hospital) have completed their documents and have been approved for loans. In the education and sports culture sector, HFIC has also approved loans for the construction projects of the multi-purpose sports culture center in Phu Nhuan district and the project to develop research and training centers of the University of Economics Ho Chi Minh City.
Mr. Nguyen Quang Thanh said that currently, the capital sources to implement the interest rate support loan policy have been collected and distributed by HFIC to the focal points. Next week, businesses that meet the loan conditions will be able to access loans promptly.
In addition to medium and long-term loans supported by HFIC, Mr. Thanh said that the unit has also signed strategic cooperation agreements with commercial banks such as Agribank and BIDV to implement syndicated loans.
In the coming time, HFIC will continue to cooperate with Vietcombank and VietinBank so that banks can expand working capital loans for projects, plans, and businesses that are eligible for this loan interest rate support policy.
It is known that the interest rate support policy for investment projects in 4 key industries and supporting industries in Ho Chi Minh City is implemented according to Resolution No. 98/2023/QH15 and Resolution No. 09/2023/NQ-HDND and is applied to all 100% domestic enterprises. Enterprises headquartered in other localities can also register to apply for loans with interest rate support if there are programs and projects invested in Ho Chi Minh City.
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| Many infrastructure, education and healthcare projects in Ho Chi Minh City have been approved by HFIC for interest-supported loans from the local budget. |
The maximum loan amount of the project with interest support from the local budget is 200 billion VND/project. Of which, the capital for construction investment is supported up to 70%; the capital for technology and equipment investment is supported up to 85%.
Projects in the fields of education and training, vocational training, healthcare, culture and sports invested by public service units of Ho Chi Minh City are supported with 100% interest rate for the investment capital for construction works and purchase of technological equipment.
Preschool and general education projects invested by public service units of Ho Chi Minh City are eligible to borrow 100% of the total investment and receive 100% loan interest support.
The interest rate support period for all projects of enterprises, units and organizations shall not exceed 7 years. The interest rate support is calculated based on the average 12-month mobilization interest rate of major commercial banks (Agribank, BIDV, Vietcombank and VietinBank) plus 2% management fee/year.
The priority areas for HFIC support are determined according to the detailed list issued with Resolution No. 09/2023/NQ-HDND of the Ho Chi Minh City People's Council. Including: high technology, digital transformation; startups, innovation; trade and agricultural production services; healthcare, education and training; vocational education, culture, sports; economic infrastructure; engineering and environment.
Supporting industrial sectors are prioritized for interest rate support loans, including key sectors such as: mechanical automation; rubber, plastic, and pharmaceutical industries; food processing; electronics and information technology; textiles, garments, and footwear.
HFIC noted that in order to participate in submitting loan applications and enjoying interest rate support policies according to Resolution No. 98/2023/QH15 and Resolution No. 09/2023/NQ-HDND, businesses and investors need to carefully study the forms and documents attached with the list of each type of industry and the agencies and units that act as focal points for implementing loan contracts.
Some issues that businesses need to pay special attention to are that project investors participating in the program must “not have signed contracts” with contractors and suppliers for construction, equipment and technology items. Enterprises can use assets formed from loan capital as collateral when signing loan contracts. If during the loan process, the actual lending interest rate of HFIC arises higher than the supported regulations of the enterprise or project, the investor must balance it himself.
Source: https://thoibaonganhang.vn/tp-ho-chi-minh-hfic-chinh-thuc-trien-khai-cho-vay-ho-tro-lai-suat-157589.html
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