Saturday, 26/07/2025
   

HCM City banks, businesses enhance connection for loans

HCM City’s programme to link banks and businesses to enable lending to the latter has greatly assisted them with accessing preferential credit and promoted lending growth, according to the State Bank of Vietnam.

Speaking at a conference to link up banks and businesses in HCM City on October 14, Nguyễn Đức Lệnh, deputy director of the SBV’s HCM City branch, said outstanding loans at city banks as of September end were worth nearly VNĐ3.75 quadrillion (US$150.9 billion), up 5.83 per cent from the end of last year and 11.7 per cent year-on-year.

The signing ceremony of Mastercard, NAPAS and nine banks in Việt Nam
ACB signs loan contracts at the banking-business connection conference held in HCM City on October 14. 

This reflects the effectiveness of policies to support businesses and the latter’s ability to absorb capital, he said.

He believed that the credit growth target for this year of 14-15 per cent would be achieved as the last quarter of each year often see a significant rise in capital demand.

Lệnh said that earlier this year, 17 banks had registered to participate in the programme and provide preferential loans worth VNĐ509.8 trillion.

They disbursed over VNĐ425 trillion to enterprises, cooperatives and household businesses in HCM City in the first eight months of this year, accounting for 83.4 per cent of the preferential credit package.

According to the SBV, the city banking industry has organised 31 conferences to bring together banks and businesses, and contracts worth VNĐ58.14 trillion were signed there.

The banking sector plans to continue with its activities to link up with businesses and support initiatives to ensure adequate supply during the final months of the year, he said.

This month the SBV, along with other agencies and departments, would hold three conferences to help small and medium enterprises, agricultural and rural businesses and the import-export sector, which are among the driving forces of economic growth, access preferential bank loans.

Từ Tiến Phát, CEO of ACB, said the city economy has seen green shoots of recovery this year, but difficulties like low public spending, a sluggish real estate market, weak private sector production and business activities, and low consumer demand remain.

The city needs to address these challenges for sustainable and rapid growth in future, and that requires combined efforts by the Government, businesses and the banking system, he said.

His bank committed to a preferential lending package worth VNĐ5 trillion ($201.7 million) to businesses introduced by the HCM City Union of Business Associations, or HUBA.

But it could increase the size to VNĐ10 trillion or even VNĐ20 trillion, he said.

The interest rates will range from 5.5 per cent per year for short-term loans and 6.4 per cent for long-term loans.

ACB is also rolling out a green credit programme to help businesses meet international ESG requirements.

HUBA Chairman Nguyễn Ngọc Hòa said the banking-business connection programme has proven to be effective, helping businesses access soft loans from banks.

Nguyễn Đăng Hiến, general director of the Tân Quang Minh Beverage Company, said: “Businesses should participate in these conferences to access information and capital at lower interest rates, which will be especially beneficial during the Lunar New Year production cycle.

"Our company has participated multiple times to seek opportunities to access working capital and funding to acquire fixed assets."

  • Capital poured into agriculture, rural areas

    Capital poured into agriculture, rural areas

    Credit growth for agriculture and rural development in Việt Nam rose 5.31 per cent in the first half of 2025 compared to the end of 2024, accounting for 23.16 per cent of the country’s total outstanding loans.

  • Interest rate developments applied by credit institutions in June 2025

    Interest rate developments applied by credit institutions in June 2025

    State Bank of Vietnam has just released the interest rate developments of credit institutions in June 2025

  • Interest rate cut requires a trade-off in foreign exchange rate

    Interest rate cut requires a trade-off in foreign exchange rate

    Phạm Chí Quang, Director of the State Bank of Vietnam (SBV)’s Monetary Policy Department, talks about the cause of the đồng devaluation and forecasts the đồng in the second half of 2025.

  • SBV Action Plan to implement the National Strategy on Green Growth

    SBV Action Plan to implement the National Strategy on Green Growth

    State Bank of Vietnam (SBV) has coordinated with the German Agency for International Cooperation (GIZ), the International Finance Corporation (IFC), and the Swiss Secretariat for Economic Affairs (SECO) in organizing a Workshop to promote the implementation of the Banking Sector's Action Plan to implement the National Strategy on Green Growth for the period 2021 – 2030, and the Launching Ceremony of the Handbook on Environmental and Social Risk Management System in Credit Granting Activities.

  • Autonomy and stability balanced via credit reform

    Autonomy and stability balanced via credit reform

    The State Bank of Vietnam is setting out a roadmap towards removing credit growth ceilings, accompanied by efforts to enhance the autonomy of credit institutions.

  • More than 86 million bank accounts to be terminated from September 1

    More than 86 million bank accounts to be terminated from September 1

    The SBV stated that the deletion of over 86 million bank accounts was considered a system cleanup measure.

  • Vietnamese banks set for growth on major policy shift

    Vietnamese banks set for growth on major policy shift

    Experts believe that if managed properly, lifting credit room restrictions will enhance lending flexibility, allowing for a more natural adjustment of capital supply and demand, thereby facilitating investment and production needs in the economy.

  • Completing the legal framework for green finance development

    Completing the legal framework for green finance development

    On July 15, 2025, in Hanoi, the Policy Committee of the Vietnam Banks Association (VNBA) successfully organized a Seminar with the theme "Completing the legal framework to facilitate the operations of credit institutions related to green finance". The event brought together many leading experts, representatives of management agencies and financial institutions to discuss solutions to promote the sustainable development of green credit in Vietnam, in line with the country's potential and goals.

  • Vietnam Banks Association debuts its Risk Committee

    Vietnam Banks Association debuts its Risk Committee

    On July 16, 2025, in Hanoi, the Vietnam Banks Association (VNBA) officially announced and launched the Risk Committee under the Association Council.

  • Data is crucial for banking industry to move to new development phase

    Data is crucial for banking industry to move to new development phase

    The banking industry, one of the leading fields in applying technology and digitalising services, has all the conditions to move to a new development phase where data is considered the centre for all operations, decision-making and customer service, Vice Chairman and General Secretary of the Vietnam Banks Association (VNBA) Nguyễn Quốc Hùng said on Wednesday.

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation