Ho Chi Minh City plans to disburse another credit package worth 127,333 billion VND (583.6 million USD) this year to provide preferential loans for local enterprises.

The credit package is part of the “Connecting banks and businesses” programme, which was launched in 2012.

To Duy Lam, Director of the Ho Chi Minh City Branch of the State Bank of Vietnam , told a conference held on July 24 to review the initiative that the programme provided low-interest loans for around 6,300 customers over the past three years, with a total capital of 145,111 billion VND (66.5 million USD).

Meanwhile, Nguyen Thi Hong, Vice Chairwoman of the Ho Chi Minh City People’s Committee, held that the programme has contributed to maintaining and recovering production and business activities in the locality while supporting the market and promoting the city’s economic growth.

It has also helped settle businesses’ difficulties related to capital, credit and interest, supporting them in improving their financial capacity and competitiveness, she added.

In the second half of this year, the programme will focus on monitoring and inspecting credit package disbursement and ensuring commercial banks’ smooth disbursement of registered credits.

From 2016-2020, a number of activities will be organised to support enterprises and remove obstacles through improved policies and a more favourable competition environment.-VNA