The Provincial People's Committee focuses on solutions to remove difficulties for people and businesses to increase their ability to absorb credit capital.

On October 30, 2023, the People's Committee of Ninh Binh province issued Official Dispatch No. 834/UBND-VP5 on solutions to remove difficulties for people and businesses, increasing the ability to absorb credit capital.

Implementing Resolution No. 105/NQ-CP dated July 15, 2023 of the Prime Minister on tasks and solutions to remove difficulties for production and business, continuing to promote administrative reform, tightening discipline, implementing bank-enterprise connections, increasing the economy's capital absorption capacity, creating maximum conditions for businesses and people to access bank credit capital, clearing bottlenecks and bottlenecks in the economy, the Provincial People's Committee requests Departments, branches, sectors, People's Committees of districts, cities and related agencies and units to proactively review, evaluate and identify difficulties and problems of businesses, sectors and fields to promptly have solutions to remove them, especially the issue of capital for production and business of people and businesses.

Coordinate with the banking sector in the province in implementing credit programs under the direction of the Government and the Prime Minister and lending to areas with potential and strengths in the province's socio-economic development; the program connecting banks and businesses to enhance information and direct dialogue between banks and customers, grasp the actual support needs of people and businesses.

Promote administrative procedure reform at agencies and units, especially in granting certificates of land use rights and property ownership on land, procedures for confirmation, notarization, registration of secured transactions, handling of secured assets, etc., thereby creating favorable conditions for credit institutions to expand credit and loans, and collect debts quickly.

Coordinate with the Ninh Binh Provincial Bank for Social Policies in implementing credit programs under the support package in Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies to support 2 socio-economic recovery and development programs and Resolution 11/NQ-CP dated January 30, 2022 of the Government on the socio-economic recovery and development program and implementing Resolution No. 43/2022/QH15 of the National Assembly on fiscal and monetary policies to support the program and credit programs to implement 3 National Target programs.

The Provincial People's Committee assigned the State Bank of Vietnam, Ninh Binh branch, to be the focal point in synthesizing, reporting, and evaluating the difficulties and problems of enterprises in the area regarding access to credit capital in order to promptly take measures to resolve them.

Direct credit institutions in the province to fully and promptly meet the credit capital needs of people and businesses, especially in production and business sectors, priority sectors and growth drivers according to the Government's policies.

Direct and closely monitor the implementation of bank branches and people's credit funds in the province on interest rate reduction, fee exemption and reduction to support businesses and people to restore production and business. Timely grasp the situation of actual interest rate reduction, fee reduction and the sale and deployment of insurance agents of bank branches and people's credit funds in the province; inspect and handle violations according to authority.

Coordinate with relevant departments, agencies and sectors to promote the implementation of credit programs and policies according to the policies and directions of the Government and the Prime Minister such as: Credit program for forestry and fishery sectors (15,000 billion VND); Credit program for social housing, workers' housing and renovation of old apartments (120,000 billion VND); Program to support interest rates from the state budget for enterprises, cooperatives and business households (40,000 billion VND) with timely, favorable, open, flexible and feasible lending conditions.

Continue to implement solutions to remove difficulties in credit relations between credit institutions and customers. Direct bank branches and people's credit funds in the area to continue implementing credit programs and policies according to the policies and directions of the Government and the Prime Minister; implement the policy of restructuring debt repayment terms and maintaining debt groups to support customers facing difficulties according to regulations of the State Bank of Vietnam.

Promote administrative procedure reform, information transparency to create an equal environment in accessing banking services; direct bank branches and people's credit funds in the area to publicly and transparently disclose information about operations, loan procedures, business processes, banking services and utilities. Strengthen information and communication about monetary policy and banking activities, policies to reduce lending interest rates, facilitate access to credit for people and businesses...

Bui Dieu

Source