Accompany and share difficulties with the business community

Binh Duong is currently ranked second in the country in the number of Covid-19 infections. Before the impact of the epidemic, the operation of businesses in the area faced many difficulties. In particular, enterprises, production and business establishments, trade and service establishments, and small traders must close down or operate in moderation, minimizing capacity; production and supply chains are broken... thereby affecting the socio-economic situation in general and banking activities in the area in particular.

Mr. Dao Minh Tu - Deputy Governor of the State Bank, speaking at the conference

By the end of September 2021, Binh Duong's credit balance reached about VND 241 trillion, an increase of 5.15% compared to the end of 2020 (lower than the national credit growth of 7.54%); Although the bad debt ratio was controlled at less than 1%, it tended to increase compared to the beginning of the year and there were still many potential risks in the condition that the production and business activities of corporate customers suffered losses and was temporarily suspended. operation, loss of consumer markets, inability to repay loans due to the impact of the epidemic.

In the opening speech at the conference, Mr. Dao Minh Tu - Deputy Governor of the State Bank (SBV) - said, in the spirit of companionship, sharing and symbiosis between banks and businesses, the conference was organized to dialogue and exchange between credit institutions and businesses related to the implementation of supporting policies and solutions of the banking industry, in order to remove difficulties for businesses in Binh Duong province affected by the Covid epidemic.

At the same time, the conference is also an opportunity for the State Bank to inform businesses, associations, departments in Binh Duong about the overall solutions of the banking industry that have been achieved; answer problems; recorded proposals and recommendations to further improve the mechanism and policies of the banking industry. Thereby increasing the ability to access capital to restore production and business for enterprises in the new normal context under the direction of the Party and State.

Leaders of the Credit Department for Economic Sectors - State Bank of Binh Duong Branch, and credit institutions at the conference shared about the results of implementing solutions to remove difficulties for people and businesses nationwide and in Binh Duong province. Positive. In addition, associations and businesses in the area reflected on the difficulties and obstacles that businesses have faced due to the impact of the epidemic in the past time to find solutions together.

The speeches of the participants also showed the synchronous and drastic participation of all levels and sectors in joining hands to fight the epidemic and remove difficulties for people and businesses. In particular, in Binh Duong, specific response plans and scenarios have been developed to control the epidemic situation, remove obstacles for production and business, disburse loans, and ensure social security. , safety and order of society.

Continue to deploy synchronous solutions to remove difficulties for businesses

Over the past time, the whole banking industry has been making efforts and determination to implement many synchronous solutions on monetary policy, credit, interest rates, payment, restructuring and bad debt handling. At the same time, promulgating Circulars guiding the restructuring of debt repayment terms, interest exemption and reduction, keeping the same debt group, reducing interbank payment fees, guiding and implementing the refinancing policy for VBSP. , commercial banks to support a number of subjects severely affected by the Covid-19 epidemic according to the Resolutions of the National Assembly and the Government... contributing to creating favorable conditions for people, businesses and the economy to overcome difficulties. economy.

Business representative speaking at online bridge point in Binh Duong

With the efforts of the whole banking system, as well as the initiative to propose to remove difficulties of people and businesses, up to now, credit institutions have restructured repayment terms for over 278 thousand customers with outstanding loans of 238. trillion; Accumulated value of debt has been restructured repayment term, keeping the same group of debts for customers about 531 trillion VND; Exempt, reduce, lower interest rates for about 1.7 million customers with outstanding loans of nearly 2.5 million billion VND, new loans with preferential interest rates with accumulated sales from January 23 to now reaching over 5.2 million billion dong for more than 800 thousand customers.

Particularly in Binh Duong province, credit institutions have restructured the repayment term, keeping the debt group unchanged for 4,700 customers with a total debt value of 10,000 billion VND. At the same time, interest rates are exempted and lowered for nearly 69,300 customers with outstanding loans of about VND 130,000 billion, the amount of interest exempted or reduced is VND 1,188 billion. In addition, credit institutions also provided new loans to support customers to overcome accumulated difficulties from January 23, 2020, reaching VND 223,000 billion with the number of customers with outstanding loans at the end of the reporting period was 13,300 customers. .

From the above results, it shows that the banking industry has promptly removed difficulties, created conditions for people and businesses to restore production and business, making an important contribution to stabilizing the macro economy and supporting economic growth. economic.

Speaking at the conclusion of the conference, Deputy Governor of the State Bank of Vietnam Dao Minh Tu suggested that the units in the industry focus on drastically implementing effective and effective solutions to solve difficulties for customers under the direction of the Governor. SBV in Directive 01 dated January 7, 2021 and circulars and official documents issued by the State Bank in the direction of sharing maximum difficulties with people and businesses during and after the epidemic ends.

Continue to deploy synchronously solutions to remove difficulties for customers affected by the Covid-19 epidemic such as: restructuring the repayment term, exempting and reducing interest, lowering interest rates, actively balancing capital for investment. invest in effective, resilient projects in the new situation. At the same time, promoting the implementation of commitments to reduce interest rates on outstanding loans with a scale of over 20,613 billion VND of 16 commercial banks (in particular, 4 state-owned commercial banks spend an additional VND 4,000 billion to reduce interest rates for customers). )…

"The Provincial Party Committee, People's Committee, People's Council of Binh Duong province, together with departments, agencies, business associations, industry associations continue to coordinate tasks to help the business community in the province overcome difficulties, restore restore production and business, create momentum for development in the coming time"- Deputy Governor Dao Minh Tu suggested.