Synchronously implement solutions to support businesses in overcoming challenges

Banking sector actively resolves difficulties for businesses

Sharing at the forum, Dr. Nguyen Quoc Hung commented that the world situation is complicated and unpredictable, especially the US policy and the reactions of other countries and many other factors have been and are greatly affecting the production and business activities of businesses.

Citing statistics on dissolved businesses, Dr. Nguyen Quoc Hung said that by the end of 2024, the whole country had more than 940,000 businesses in operation and by the first quarter of 2025, the whole country had more than 72.9 thousand businesses registered for new establishment and returned to operation, an increase of 18.6% over the same period in 2024. On average, there are more than 24.3 thousand businesses newly established and returning to operation per month.

However, also in the first quarter of 2025, the number of enterprises temporarily suspending business was more than 61.4 thousand enterprises, an increase of 15.1% over the same period last year; nearly 11.5 thousand enterprises stopped operating pending dissolution procedures; nearly 5.9 thousand enterprises completed dissolution procedures. On average, nearly 26.3 thousand enterprises withdrew from the market per month.

In that situation, to facilitate businesses to access bank capital to expand production and business, Dr. Nguyen Quoc Hung said that the State Bank has actively and promptly taken many solutions to overcome difficulties, including using many solutions through credit institutions (CIs), promptly meeting the credit capital needs of the economy.

From the perspective of CIs, Dr. Nguyen Quoc Hung said that to support customers and people to access bank capital, CIs have issued many solutions to reduce lending interest rates, restructure debt, and defer debt for businesses, while continuing to cut costs to reduce lending interest rates and reduce fees to support businesses and people to recover and develop production and business.

"The synchronous and drastic implementation of the above solutions in the banking sector has contributed to promoting credit growth, promptly meeting the credit capital needs of the economy", Dr. Nguyen Quoc Hung affirmed.

Synchronizing support solutions to help businesses overcome challenges and improve competitiveness

Honestly acknowledging the difficulties in which businesses still have difficulty accessing bank capital, Dr. Nguyen Quoc Hung pointed out that due to being greatly affected by the general difficulties of the economy, the resources of many businesses have been exhausted, leading to ineligibility for bank loans; many businesses have mortgaged assets that are facing legal problems, no certificates, suspended planning, disputes, etc., leading to not meeting the conditions for borrowing capital.

“To access bank loans, businesses must meet the conditions of transparent and healthy financial status. However, many businesses today do not meet the above conditions. Most businesses are small and medium-sized enterprises with limited financial capacity and management skills, lacking feasible business plans, financial data lacking transparency and accuracy, accounting documents not meeting prescribed standards, so banks have difficulty considering granting credit...”, Dr. Nguyen Quoc Hung raised the issue.

Meanwhile, on the part of credit institutions, Dr. Nguyen Quoc Hung shared that credit institutions cannot arbitrarily lower standards, reduce regulations and lending conditions because they still have to comply with the provisions of the law to ensure risk management and system safety. In particular, in the context of drastic implementation of solutions to restructure banking operations, credit institutions are increasingly promoting the application of risk management standards according to international practices, requiring increasing transparency...

In addition, credit institutions also face risks of technological crimes related to the digital transformation process due to the application of technology in transactions and information and data management, making banks the target of technological crimes with increasingly sophisticated and complex scales and levels...

In order to help businesses overcome challenges and improve competitiveness, Dr. Nguyen Quoc Hung said that there needs to be synchronization in solutions.

The representative of VNBA proposed that the People's Committees of provinces and cities continue to coordinate with the Banking sector to actively implement the Bank-Enterprise Connection Program to grasp and promptly handle difficulties of people and enterprises in credit relations; Speed up the progress of granting certificates of land use rights and ownership of assets on land, secured transaction procedures and related administrative procedures to facilitate enterprises in their relations with banks; consolidate and establish a guarantee fund for small and medium enterprises in provinces and cities.

For the State Bank of Vietnam, VNBA proposed: Continue to implement joint lending programs and supply chains; Actively implement the Bank-Enterprise Connection Program to work with local authorities to directly and synchronously remove difficulties and obstacles of enterprises; Actively complete policies on bad debt handling and implement solutions to prevent bad debt from increasing.

For enterprises, it is necessary to drastically restructure in terms of strategy, organizational structure, operations, finance and corporate governance to improve competitiveness, asset growth, financial transparency and operational information as a basis for credit institutions to appraise loans; it is necessary to choose effective business plans, focusing on areas that exploit the comparative advantages of enterprises, while focusing on investment to upgrade core technology, invest in and apply modern and advanced technologies...

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