Loans with preferential interest rates of the bank – enterprise connecting program and the market stabilizing program, have helped many enterprises develop their production and business.
Loans with preferential interest rates of the bank – enterprise connecting program and the market stabilizing program, have helped many enterprises develop their production and business.
Dai Thang Wood Processing Co., Ltd. (in Cam Ranh) is one of enterprises enjoying preferential interest rate from the bank – enterprise connecting program when borrowing money from Vietcommbank Nha Trang to invest production. Dai Thang Wood Processing Co., Ltd. has been client of Vietcommbank Nha Trang for many years with credit limit of VND60 billion and average credit balance of VND40 billion – VND50 billion. Credit from the bank has supported the enterprises to expand production and raise output as well as turnover effectively. According to Vo Ngoc Long, the company’s director, for nearly 10 years, Vietcommbank Nha Trang has supplied working capital for the company to purchase production materials. The company’s factory has capacity of 400 tons/day. Its annual turnover is more than USD10 million. Recently, the company has opened one more wood processing factory to raise its total capacity to 600 tons/day.
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| Production at Dai Thang Wood Processing Co., Ltd. |
Up to now, over 40 enterprises have been given loans with preferential interest rates under the bank – enterprise connecting program of Vietcombank Nha Trang with credit balance of VND500 billion. Enterprises taking part the program are in many fields, including fishery, industry, processing, construction, export, agriculture and forestry.
According to director of Vietcombank, to carrying out the bank - enterprise connecting program, we have chosen potential and suitable customers to support capital for enterprises effectively and partly help them to raise production and business effects and expand market. The bank has reduced lending interest rates in USD from 6 – 7%/year to 3 – 4%/year. Vietcombank Nha Trang is one of banks joining actively in the bank – enterprise connecting program in Khanh Hoa Province.
According to Nguyen Hoai Chieu, Director of the State Bank – Khanh Hoa Branch, through the bank – enterprise connecting program and the market stabilizing program, many enterprises have accessed the State Bank policy on solving difficulties for enterprises. Up to now, banks in Khanh Hoa Province have disbursed VND22,180 billion to give loans with preferential interest rates to support enterprises and individuals maintain, recover and develop production and business. From active effects of the bank – enterprise connecting program, the State Bank – Khanh Hoa Branch continues directing this program in the time to come, basing on Resolusion 19 and Resolusion 35 of the Government on improving business environment, raise competence of the country, and support enterprises till 2020.
N.D
Translated by T.T
