Investment News

It is difficult for businesses to access the interest rate support package


On May 20, 2022, the Government issued Decree No. 31/2022/ND-CP on interest rate support of 2% from the state budget for loans of enterprises, cooperatives and business households. This is an important policy of the Party and State to quickly recover the economy. However, by the end of September 2022, only 10 customers in the province were eligible for interest rate support.

The bank drastically implements

 The State Bank of Vietnam, Quang Ninh branch, coordinated with the Provincial Business Association to organize a conference to connect banks and businesses to promote the implementation of the interest rate support program under Decree No. 31.

Immediately after the issuance of Decree 31, the State Bank of Vietnam (SBV) Quang Ninh branch organized a thorough and drastic implementation of the interest rate support program through many activities, such as: Organizing 4 online conferences to disseminate, answer and remove difficulties and obstacles in the implementation of the Decree; establish a permanent department to implement the Decree, publicize phone numbers and email addresses to receive, handle and answer difficulties and problems of businesses and people in the process of implementing policies. support; regularly work with commercial bank branches in the province to direct, inspect and urge units in the implementation of interest rate support policies for businesses, cooperatives and people; prohibiting acts that cause difficulties or troubles, promulgating additional conditions and procedures different from those prescribed in order to limit beneficiaries of interest rate support, in cases where the right customer meets the conditions that are not eligible. no interest subsidy...

The State Bank of Vietnam's Quang Ninh branch also requires commercial banks to regularly review the list of existing customers who are eligible for interest rate support, sectors and areas that have loans, signed loan agreements and disbursed disbursements. From January 1, 2022, there is a time to repay from May 20, 2022 to notify, grasp the need for support, guide customers on dossiers and procedures for interest rate support, ensure compliance with the provisions of the Decree. At the same time, work directly with commercial bank branches to inspect and urge units in policy implementation.