Chairman of SMEDF''s Board of Members Phạm Xuân Kiên highlighted that SMEs account for about 98 per cent of all businesses in the country, significantly contributing to the GDP.
The Ministry of Construction has proposed the Government arrange a credit package worth around VND110 trillion ($4.6 billion), but later retracted the package proposal, opting for the implementation of the VND120 trillion package raised by the State Bank of Viet Nam.
Four commercial banks signed agreements to provide loans worth a total of VND4.66 trillion (US$200 million) to 20 companies operating in HCM City-based industrial parks and export processing zones at a meeting connecting banks and businesses held here last week.
The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.
Sacombank and 15 other banks have signed credit contracts to provide preferential loans to corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic.
The Ministry of Investment and Planning has issued a warning against borrowing from the Official Development Assistance (ODA) source fearing the country could fall into an “ODA and preferential loan’s trap”. Whether ODA will be the "trap" of the economy...
Authorities in the Cuu Long (Mekong) Delta province of Tra Vinh have pledged to provide enterprises, mostly small- and medium-sized, better access to preferential loans.
The Southeast Asia Joint Stock Commercial Bank (SeABank) will provide preferential loans to enterprises worth VND1.5 trillion (US$65.9 million) until March 31.
Sacombank has set aside VND3 trillion (US$132.15 million) for preferential loans to household businesses, small traders and firms converted from household businesses in HCM City.
The Bank for Investment and Development of Vietnam (BIDV) will offer preferential loans up to a total of VND10 trillion (US$439 million) this year to support high-tech agricultural businesses.
Two new preferential loans which are not restricted by scale and deadline for social housing and cheap commercial housing projects would be provided to low-income earners. The two new packages are expected to continue the VND30 trillion housing stimulus package.
Viet A Commercial Joint Stock Bank (VietABank) has launched preferential loans for start-ups at a total value of VND1.5 trillion to finance members of the Viet Nam Young Entrepreneurs Association.