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$68million in preferential loans for businesses in Thủ Đức District

Update: June, 01/2018 - 19:00
Thủ Đức District’s People’s Committee met with representatives of six banks in the area to discuss better connections between banks and businesses. —Photo: sggp.org.vn
Viet Nam News

HCM CITY — Six banks, including Agribank, Vietcombank, two branches of Vietinbank, BIDV and Sacombank, committed to provide more than VNĐ1.5 trillion (US$68 million) in preferential loans to enterprises in HCM City’s Thủ Đức District.

This commitment was made at a Thursday meeting between the Thủ Đức District People’s Committee and representatives of the six banks. The beneficiaries are 52 enterprises and two business households in the district.

At the event, members of the People’s Committee of Thủ Đức District and bank officials also discussed ways to further connect businesses with banks in the area.

Lê Văn Chiến, vice chairman of Thủ Đức District’s People’s Committee, said the People’s Committee works with the State Bank and other banks in the district twice a year to connect banks with businesses in recent years.

Last year, the banks provided VNĐ2.2 trillion ($96.92 million) in preferential loans to 90 enterprises and two business households. Thanks to the loans, businesses were able to expand their production.

In addition, the district’s People’s Committee and departments have organised periodic dialogue meetings with enterprises to solve their difficulties.

Industrial production and construction activity in the district has reached VNĐ3.9 trillion this year, an increase of 8.9 per cent compared to the same period last year.

The value of trade, services, and transport reached VNĐ2.6 trillion, an increase of 6.2 per cent over the corresponding period last year. — VNS

 

 

 

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