An array of solutions to help small and medium-sized enterprises (SMEs) deal with difficulties in capital are proposed at a seminar in Hanoi on April 6.
The seminar was organised by the Vietnam Chamber of Commerce and Industry in the context that only 30 percent of businesses have access to bank loans.
Dr. Nguyen Thi Mui, Director of the Training and Human Resource Development School of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), said even when many commercial banks have lowered their interest rate, even major enterprises still find it hard to gain access to bank loans.
According to many delegates at the seminar, a key cause of the problem lies with commercial banks which unable to momilise middle and long-term capital sources, thus preventing from providing loans for businesses, especially SMEs, they said.
Mui proposed commercial banks diversify loan packages and try to seek middle and long-term capital source while businesses must restructure, improve administrative capacity and financial transparency to attract more investors.
She also stressed the significant role held by state management agencies, legal corridor and consistent policy to help businesses overcome the difficult period.-VNA
The seminar was organised by the Vietnam Chamber of Commerce and Industry in the context that only 30 percent of businesses have access to bank loans.
Dr. Nguyen Thi Mui, Director of the Training and Human Resource Development School of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), said even when many commercial banks have lowered their interest rate, even major enterprises still find it hard to gain access to bank loans.
According to many delegates at the seminar, a key cause of the problem lies with commercial banks which unable to momilise middle and long-term capital sources, thus preventing from providing loans for businesses, especially SMEs, they said.
Mui proposed commercial banks diversify loan packages and try to seek middle and long-term capital source while businesses must restructure, improve administrative capacity and financial transparency to attract more investors.
She also stressed the significant role held by state management agencies, legal corridor and consistent policy to help businesses overcome the difficult period.-VNA
