The Ministry of Industry and Trade and other relevant agencies are focusing on helping businesses access credit on favourable terms to help them exploit new-generation free trade agreements such as the UKVFTA and EVFTA.
A conference meant to link up banks with companies in the Mekong Delta was held in Can Tho City on August as part of efforts to ease the difficulties small and medium-sized enterprises in the region have in accessing credit.
Governor of the State Bank of Viet Nam Le Minh Hung issued a document early this week to ask co-operation from local authorities in expanding credit, part of efforts to prevent loan sharking.
Policies related to credit guarantees need to be revised to improve the credit access of enterprises, especially small- and medium-sized enterprises (SMEs) and micro firms, Deputy Prime Minister Vuong Dinh Hue said.
The banking sector will apply comprehensive monetary policies and
banking operations to improve credit access, focusing on enhancing
national credit ratings, according to the State Bank of Viet Nam (SBV).
