Business

Credit support programme benefits 4,000 firms in HCM City

More than 4,000 enterprises in Ho Chi Minh City were provided with credit loans worth over 124.3 trillion VND (nearly 5.47 billion USD) in the first five months of this year.
Credit support programme benefits 4,000 firms in HCM City ảnh 1The signing ceremony for the cooperation programme on credit support between businesses and commercial banks (Source: VNA)
HCM City (VNA) – More than 4,000enterprises in Ho Chi Minh City were provided with credit loans worth over124.3 trillion VND (nearly 5.47 billion USD) in the first five months of thisyear under a cooperation programme on credit support between businesses and commercialbanks.

The information was unveiled at a conference connectingbanks with businesses in thecity, which was jointly organised on June 16 by themunicipal Department of Industry and Trade, the State Bank of Vietnam (SBV) inHCM City, and the Vietnam Joint StockCommercial Bank forIndustry and Trade (VietinBank).

Initiated in HCM City in 2012, the programme has expanded to other localitiesnationwide. It was included in the National Target Programme on supportingbusiness development by 2020.

According to the SBV’s HCM City branch, the programme significantly contributedto promoting production and business activities of local enterprises throughhelping them easily access preferential loans.

Vice Director of the SBV’s HCM City branchNguyen Hoang Minh said the central bank will continue supervising the implementationof credits under the programme.

This year, apart from capital for the business field, the programme will focuson agriculture, high-tech businesses; start-up enterprises, and firms turnedfrom business households.

Deputy Minister of Industry and Trade Ho Thi Kim Thoa hailed the municipalauthority for its efforts to encourage commercial banks to provide their creditsupport for enterprises operating in support and high-tech industries and smalland medium-sized enterprises, which usually meet difficulty in accessing loans.

At the conference, Vietinbank’s HCM City branch signed a credit support contractwith total committed loansreaching over 8 trillion VND (352 million USD).

From 2012 to the end of April this year, Vietinbank lent 310.8 trillion VND (nearly 13.7 billion USD) to 2,496 customers.

From the beginning of this year,  the totaldisbursement of Vietinbank’s HCM City branch for local enterprises under theprogramme hit over 49.2 trillion VND (2.16 billion USD), leading among commercialbanks joining the programme./. 
VNA
#credit loans #credit support #VietinBank #commercial banks #preferential loans #high-tech businesses #business households #VietnamPlus #Vietnam news #Vietnam #HCM City #State Bank of Vietnam Ho Chi Minh City
Follow VietnamPlus

Related News

Access to loans gives farmers a lift

Access to loans gives farmers a lift

The total amount of credit available to the agricultural sector has increased by 2.1 times to 622 trillion VND (29.6 billion USD), three years after a Government decree to improve the flow of credit to farmers came into effect.
Banking growth target ‘reachable’

Banking growth target ‘reachable’

The 12 percent credit growth target set for commercial banks this year is within reach, according to a central bank official.

Nguyen Thi Hong, director of the State Bank of Vietnam ’s Department of Monetary Policies, said at a recent press briefing that by late July, the banking sector had achieved a credit growth of 5.3 percent over late 2012 figure.

New stimulus package for agriculture discussed

New stimulus package for agriculture discussed

The State Bank of Vietnam and Ministry of Agriculture and Rural Development have held discussions on a new stimulus package to boost farming production chains and apply technology in agriculture.
Commercial banks urged to run associated credit programme

Commercial banks urged to run associated credit programme

The State Bank of Vietnam (SBV) has asked some commercial banks to implement an associated credit programme between investors, contractors, construction material suppliers and banks, in a bid to tackle difficulties for businesses operating in construction and property.

See more

Prime Minister Pham Minh Chinh visits a macadamia cultivation model in Huoi Tao B village, Pu Nhi commune, Dien Bien province on March 8. (Photo: VNA)

PM requests boosting agricultural development in Northwestern region

PM Chinh encouraged local residents to explore additional crops and livestock suitable for intercropping in order to maximise land use efficiency. Farmers were also urged to strengthen cooperation with one another and with businesses by joining cooperatives, consolidating land resources and working together to expand production and improve incomes.

Farmers in the Mekong Delta province of An Giang harvest rice grown under the project 'Sustainable Development of One Million Hectares of High-Quality, Low-Emission Rice Associated with Green Growth in the Mekong Delta by 2030.' (Photo: VNA)

Promoting high-quality rice exports amid mounting challenges

According to the Ministry of Agriculture and Environment (MAE), an estimated 600,000 tonnes of rice worth 370 million USD was exported in January, up 12.4% in volume and 16.9% in value year-on-year. The average export price reached 616.6 USD per tonne, up 4%.

Fuel supply in Hanoi remains stable. (Photo: VNA)

Fuel prices rise sharply from 3 pm on March 7

Since the beginning of this year, domestic fuel prices have undergone 11 adjustments. During this period, both RON95 and E5 RON92 experienced four decreases and seven increases, while diesel oil two falls and nine hikes.

Customers buy and sell fuel at a Petrolimex petrol station. (Photo: VNA)

Capital’s fuel market remains stable after March 5 price adjustment

Operations at several petrol stations across Hanoi have run normally. Along major routes, petrol stations remained open and continued to serve customers as usual. The number of vehicles refueling showed no major changes compared to the days before the price adjustment. Sales activities continued without interruption, and there were no long queues or supply disruptions.

Thang Long II Industrial Park in Hung Yen province. (Photo: VNA)

Green industrial parks draw FDI to northern Vietnam

From 2026, the industrial real estate market in the northern region is forecast to enter a new growth phase as strategic infrastructure projects near completion, supply expands, and green industrial parks become a decisive factor for foreign direct investment (FDI).

Border guards from Thanh Hai Border Guard Station patrol fishing vessels entering Phu Hai port in Phu Thuy ward, Lam Dong province. (Photo: VNA)

Lam Dong orders swift action to address IUU fishing gaps

Vice Chairman of the provincial People’s Committee Le Trong Yen has directed heads of relevant departments, sectors and localities to strictly implement directives and newly issued regulations on IUU prevention, while strengthening public awareness efforts so fishermen and businesses better understand and comply with the rules.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the meeting to review the development strategy and operational framework for the international financial centre. (Photo: VNA)

Deputy PM urges early establishment of trading platforms at Int’l Financial Centre

Chairing a meeting in Hanoi on March 6 to review the development strategy and operational framework for the international financial centre, Binh acknowledged the progress made by relevant ministries and localities in a short period of time. However, he noted that current efforts have largely focused on building the organisational structure and legal framework.

Regza Vietnam Electronics Co., Ltd. (fully invested by Taiwan, China) installs four modern production lines in 2024. (Photo: VNA)

FDI disbursement in Jan–Feb reaches five-year high

The NSO noted that the Republic of Korea (RoK) and Singapore were the largest investors during the period, each registering over 1 billion USD in newly committed capital, accounting for a significant share of total foreign investment inflows into Vietnam.

Rising geopolitical tensions in the Middle East on Vietnam’s economy under the baseline scenario is expected to remain limited. (Photo: VNA)

Middle East tensions likely to have moderate impact on Vietnam’s economy: VinaCapital

According to Michael Kokalari, Director of Macroeconomic Analysis and Market Research at VinaCapital, the conflict is unlikely to significantly affect Vietnam. Exports to the Middle East account for less than 3% of Vietnam’s total export turnover, while the likelihood of a large-scale and prolonged ground campaign in Iran is considered relatively low.

VinFast has signed a strategic partnership with six electric motorbike dealers in Indonesia, marking a new step in expanding its distribution network in one of the region’s and the world’s largest motorcycle markets. (Photo: VNA)

VinFast partners with six e-scooter dealers in Indonesia

In preparation for the launch of its electric scooters in Q2/2026, VinFast has signed additional MoUs with six dealers, including PT. IB Motor, PT. Sentrik, PT. Axara Marani, PT. Sukses Sejati Indonesia, PT. Tangguh Inti Motor, and PT. Kiki Motor Persada. These partners are distributors with strong experience in key markets and share a common direction toward green mobility solutions.

Fishermen at Dong Tac fishing port in Phu Yen ward, Dak Lak province prepare to head back to sea after the storm (Photo: VNA)

Dak Lak reviews fishing vessel fleet, steps up fight against IUU fishing

Local authorities are focusing on managing registered fishing vessels and reviewing all records and data related to fishing, purchasing and processing seafood. Violations related to IUU fishing are being strictly handled under the principle of “facing the problem, not avoiding it”.

UK Ambassador to Vietnam Iain Frew addresses the event (Photo: nhandan.vn)

Vietnam, UK step up cooperation in derivatives commodity market development

The British Embassy in Vietnam and the British Consulate-General in Vietnam, in coordination with Boston Consulting Group (BCG), held a capacity-building session under the UK–Vietnam Growth Gateway initiative in Hanoi on March 5 to discuss strategies for developing a transparent and globally connected commodity and derivatives market.