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Saturday, June 15, 2024

Over 82% of soft loans for businesses in HCMC disbursed

By T. Dao

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HCMC – A credit package worth VND453 trillion under HCMC’s bank-company matching program has been disbursed at a rate of 82.8%.

As of the end of June, over VND375 trillion had been disbursed, primarily benefiting exporters, agricultural firms, rural area development projects, supporting industries, and technology-driven enterprises.

The State Bank of Vietnam’s HCMC branch reported that 20 lenders have registered to participate in this preferential credit program, which offers a two-percentage-point interest rate subsidy. This program aims to provide businesses with enhanced financial access and support.

To ensure the program’s success, the participating banks are implementing strategic measures. They plan to expand the program’s reach in different districts and rural areas, focusing on disbursing preferential credit  and offering loans and support in accordance with government credit programs.

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