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Tuesday, May 6, 2025

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Unlocking credit access for SMEs

Small and medium-sized enterprises (SMEs) have few choices when it comes to borrowing, but access to loans at commercial banks is still tough though it is the only viable funding source for them. Why do SMEs need bank loans? The recent seminar “Bank capital helps promote the private economic sector” in Hanoi looked into credit access by the private sector in general and SMEs in particular. According to data of the General Statistics Office, the domestic private sector contributes nearly 50% to the nation’s GDP, of which officially registered enterprises (with large enterprises representing only 1.5%, medium enterprises 1.5% and the rest being micro and small enterprises) contributes over 10%; and business households, agricultural production households, farms and other economic establishments and sole proprietors around 40%. Regarding credit, figures of the State Bank of Vietnam showed that by end-2024, outstanding loans for private businesses were around VND6.91 quadrillion, up 14.72% over 2023 and representing about 44% of total outstanding credit in the economy. Loans for SMEs were VND2.74 quadrillion, up 10.7% against end-2023 and representing 17.6% of total outstanding loans in the economy. There were 208,992 SMEs with outstanding loans. With the information above, some features of the credit picture […]
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Small businesses in HCMC still struggle to secure bank loans

HCMC – Small and medium-sized enterprises (SMEs) in HCMC continue having difficulty securing bank loans, despite the availability of various preferential loan packages, according...

Penalties proposed against loan-insurance bundling by banks

HCMC – Vietnam’s central bank has drafted a decree proposing fines of up to VND500 million for banks that bundle loans with non-compulsory insurance...

HCMC stabilizes prices through VND10 trillion soft loans

HCMC – HCMC has extended low-interest loans totaling VND9.78 trillion to 37 businesses to help stabilize local market prices, according to the Government news...

WB to fund climate change combat in Mekong Delta

HCMC – The World Bank will provide loans for a VND17,759-billion (US$741 million) project to assist 10 provinces in the Mekong Delta to combat...

Bad debt seen from loan portfolios

Bad debt is currently the biggest concern in the banking system. The financial reports by many banks in the first quarter of this year...

Bad debts loom large

Bad debts have been a concern in Vietnam’s banking sector so far this year. This indicates the vulnerabilities in the financial system and raises...

Real estate credit soars in HCMC

HCMC – Real estate loans in HCMC have surged ahead of overall credit growth in the first four months of 2024, indicating a positive...

Credit rises 9.6% in HCMC in Jan-Apr

HCMC – January-April credit in HCMC grew by 9.6% year-on-year to VND3.5 quadrillion, driven by an increase in long-term credit, according to data from...

Jan-Apr loans grow in HCMC

HCMC - Credit in HCMC in the first four months of this year increased by 1.31% against December 2023 and 9.33% year-over-year. Nguyen Duc Lenh,...

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