Conference connecting businesses to access financial and banking services
(Baonghean.vn) - On the afternoon of October 28, the Management Board of Dong Nam Economic Zone, the Department of Industry and Trade, and the State Bank of Vietnam, Nghe An branch, held a conference to connect financial and banking services with businesses in Nghe An province.
The conference was chaired by comrades: Le Tien Tri - Head of the Management Board of the Southeast Economic Zone; Nguyen Thi Thu Thu - Director of the State Bank of Vietnam, Nghe An Branch; Le Duc Anh - Deputy Director of the Department of Industry and Trade. Attending the conference were 39 commercial banks in the area and representatives of 140 enterprises and investors in the province, including 100 enterprises in the Southeast Economic Zone.
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Comrade Le Tien Tri - Head of the Southeast Economic Zone Management Board spoke at the conference. Photo: Thu Huyen |
Enterprises restore production and business
The Southeast Economic Zone and Industrial Parks currently have 132 enterprises in operation; the total number of employees is currently about 35,000 people, of which 450 are foreign workers. Currently, the production and business activities of enterprises in the Economic Zone and Industrial Parks have had many positive changes: 98% of enterprises have been operating stably, about 97.4% of employees have returned to work.
Some enterprises in the garment and electronics sectors are receiving more orders and expanding production scale; many enterprises have a need to recruit from 300 to 3,000 more workers such as: Matsuoka Garment Company, Frescol Tunal, Matrix Vinh, Sangwoo, BSE Electronics, Minh Anh Kim Lien Garment...;
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Delegates attending the conference. Photo: Thu Huyen |
In recent times, the banking system has actively supported and accompanied businesses in providing timely capital to serve their production and business plans. Businesses have opened transaction accounts at many banks in the province.
Some large enterprises and FDI enterprises use foreign capital to invest in Vietnam through foreign companies, using services from major banks such as BIDV, Vietcombank, Viettinbank...
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Mr. Nguyen Dinh Dung - Chairman of the Board of Directors of Kim Thi Real Estate Joint Stock Company spoke, suggesting that the banking industry balance costs to reduce lending interest rates; be more flexible about collateral... Photo: Thu Huyen |
However, due to inflation in the world economy in general and Vietnam in particular, the price of input materials and costs increased, affecting investment, production and business of enterprises. Currently, banks have simultaneously increased interest rates, leading to increased financial costs of enterprises, affecting production and business results and income of workers. Loan and disbursement procedures are still complicated and take a long time. Some enterprises have not yet had access to capital support sources from the State.
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Tan A Dai Thanh Group's representative hopes that banks will strengthen policies to support businesses, streamline loan and disbursement procedures so that businesses can easily access state-funded business support sources. Photo: Thu Huyen |
Some enterprises are still having difficulty in complying with legal regulations in the field of foreign exchange such as: The procedure for registering changes in medium and long-term foreign loans not guaranteed by the Government under 10 million USD with the State Bank of Vietnam branches is still slower than the prescribed time. There is still a lack of ATM systems to serve the needs of workers, especially in enterprises that employ many workers.
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BIDV Bank Deputy Director speaking at the conference. Photo: Thu Huyen |
Removing difficulties, accompanying businesses
To facilitate businesses in accessing bank capital, businesses request the banking sector to reduce lending interest rates, transfer fees and pay salaries to employees via card accounts. Request the banking sector to have separate policies for each production and business sector of the investment project; cut unnecessary administrative procedures, shorten disbursement time, create conditions for businesses to access preferential loans. Support businesses in accessing financial and banking services.
The banking industry is surveying and installing additional ATM systems to meet the needs of workers, prioritizing businesses that employ a lot of workers.
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Director of the State Bank of Vietnam, Nghe An branch, Nguyen Thi Thu Thu, affirmed her willingness to listen and accompany businesses to overcome difficulties and develop production. Photo: Thu Huyen |
After sharing and discussing solutions to access cheap capital sources, digital banking... of banks, comrade Nguyen Thi Thu Thu - Director of the State Bank also spoke, affirming that the conference on connecting Financial - Banking services in 2022 has a very practical meaning, contributing to sharing information so that business organizations can better understand and easily access policy information of the State Bank in Nghe An province.
Regarding the recommendations of enterprises, the Director of the State Bank of Vietnam Nghe An branch said that the banking sector is always ready to listen, accompany and support enterprises in accessing financial services and banking to develop production. However, the sector's viewpoint is that the money lent out must be collected, ensuring the safety of capital sources.
Some businesses have suggested that it is difficult to access the Government's interest rate support package, but to receive support, they must prove that they are affected and have the ability to recover; businesses operating in multiple industries and occupations must separate their industries from the support list. For business households, to receive interest rate support, they must have a business registration and actual business, but in reality, many households have registered but do not generate taxes...