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Many businesses have got an access to the government’s interest-funded loan packages

The report on the implementation of the government’s demand stimulus packages from the State Bank Branch in Dong Nai province shows that until June 26, 2009, interest-funded loans total nearly VND11,000 billion, accounting for 34.18% of the total loan debts. The interest-funded amount for loans is VND90.39 billion.

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    Particularly, according to the interest-funded loan program, organizations and individuals have been granted short-term business loans of VND10,771 billion with an interest-funded amount of  VND90.15 billion. Medium-and-long-term bank loans of VND166.41 billion for new investment and production expansion have been given to organizations and individuals and the interest-funded amount for these loans is VND0.24 billion. Until June 26, the interest-funded amount for loans to purchase machinery, equipment and agricultural materials and to build houses in rural areas amounts to VND485 million.

    However, the interest rate for investment loans is quite high. Demand stimulus policies to boost production help enable businesses to reduce costs and to establish a competitive price on the market but they have faced a lot of difficulties in seeking for export markets.

(Reported by Hoang Anh, Translated by Duy Minh)

Author: phongvien

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