City provides loans to SMEs

Monday, Jul 07, 2014 09:37

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HCM CITY (Biz Hub) — The southern economic hub is helping enterprises, especially small-and-medium sized ones (SMEs), gain access to loans worth VND20 trillion (US$952 million) to implement modern technology that can improve business performance.

Business owners have received VND12 trillion ($571 million) in loans so far this year, chairman of the municipal People's Committee Le Hoang Quan said at a municipal Party Committee executive board meeting on Friday.

Quan predicted that capital flow this year would be primarily directed to hi-tech parks and the support industry, adding that although the agriculture sector recorded slower growth than last year, it was actively embracing technological advances and bio-technology. — VNS

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