Proactive credit capital for production

​Agriculture-rural sector is one of the priority lending areas. A model of growing green grapefruit in Tan Phu district

Access preferential capital desire

Currently, many types of customers and enterprises in priority areas in need of borrowing preferential loans to expand production premises and develop business but are still in difficulty to access these preferential loans because the constraints in terms of procedures, agreements, and loan appraisal processes between banks and businesses.

Mr. Dang Van Diem, Chairman of Dong Nai Young Entrepreneurs Association, shared that many small and medium enterprises in the province are facing difficulties in capital sources and production premises. In particular, many businesses want to access capital to invest in machinery and technology to meet the orders of partners, especially foreign customers and partners.

However, in reality, enterprises still have many obstacles in accessing loans, mostly due to lack of collateral. In order for businesses to access preferential loans, it is still necessary to have appropriate policies and programs to both ensure the business operations of the bank and help enterprises to overcome difficulties in capital sources for production.

Mrs. Dang Thi Thuy Nga, Director of Xuan Dinh Agricultural Trade & Service Cooperative (Xuan Loc district) expressed, due to the need of expanding production investment, building cold storage to preserve agricultural products, the cooperative wants to access preferential capital sources, especially capital in the agricultural and rural sectors. Currently, the cooperative is still borrowing money with the usual interest rate of about 11% /year.

The bank takes the initiative in many support options

According to many experts, the reason that makes it difficult for customers and enterprises to access preferential loans is that many customers are not bold enough to propose their loan needs to the bank; Many businesses are small, equity and financially limited, especially lack long-term business strategies, feasible business plans while these are the prerequisites to respond eligible for bank loan approval.

Meanwhile, the lending activities of many banks still have rigid, inflexible hardware, the loan appraisal process is prolonged, there are still many strict criteria, not solving the difficulties of borrowers in actual conditions. To limit risks, many banks evaluate and assess most of their loans by collateral, but have not really focused on the appraisal based on the efficiency of business plans.

Mr. Pham Quoc Bao, Deputy Director of the State Bank of Vietnam (SBV) Dong Nai branch, said that in recent months, joint stock commercial banks in the province have updated and adjusted their short-term lending rates for priority areas according to the regulations of the State Bank of Vietnam to support customers and businesses.

Since then, the banking sector in the province will continue to deploy many packages and preferential loan products to serve the needs of production, business and consumption for priority sectors. At the same time, credit institutions will actively save operating costs to share common difficulties with customers; adjust the financial plan to suit the performance of the business, as well as the disease situation in the last months of the year. 

Vi Quan