257 businesses in District 1 received preferential loans of nearly 4,343 billion VND

SGGPO August 4, 2023 15:11

Four commercial bank branches in Ho Chi Minh City,ACB , Sacombank, Vietcombank and HDBank, have just signed a contract to provide preferential support to 257 customers who are businesses in priority sectors in District 1 with outstanding loans of VND4,342.9 billion.

Representatives of banks signed preferential loans with businesses in District 1, August 4.

On August 4, the State Bank of Vietnam (SBV) Ho Chi Minh City branch coordinated with the People's Committee of District 1 to organize a dialogue conference between businesses and the District 1 government and a signing ceremony between banks and businesses in District 1.

During this connection, 4 branches of commercial banks in Ho Chi Minh City, namely ACB, Sacombank, Vietcombank and HDBank, signed a contract to provide preferential support to 257 customers who are enterprises in priority sectors in the district with a debt balance of VND4,342.9 billion. Here, the banks also signed a contract to lend VND882.8 billion to 11 customers.

According to the People's Committee of District 1, since the implementation of the Bank - Business Connection Program from 2012 to present, banks have disbursed a total of VND555,954 billion to 16,490 customers who are enterprises and business households in District 1 to receive preferential loans.

Speaking here, Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch, said that in the first 6 months of the year, the preferential credit package registered by credit institutions in Ho Chi Minh City from the beginning of the year according to the plan of the Bank - Enterprise Connection Program has disbursed 82.8% of the package scale.

Specifically, in 2023, 20 banking brands registered for preferential credit packages for this program with a total amount of VND 453,070 billion. By the end of June 2023, banks had disbursed VND 375,233 billion, equivalent to 82.8% of the credit package. Of which, the amount disbursed to businesses in District 1 accounted for VND 120,080 billion.

According to Mr. Lenh, this result is very positive, because this is a preferential credit package in terms of capital, interest rates, debt restructuring for businesses; administrative procedure reform... and focuses on groups of industries and fields that drive economic growth: export; rural agriculture; small and medium enterprises; supporting industries and high-tech enterprises.

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