Banks asked to provide sufficient loans

The State Bank of Vietnam’s governor ordered commercial banks November 20 to provide sufficient loans for production and business. 

Processing tra catfish for export at a factory in the Mekong Delta, one of the sectors which will be prioritized for loan grants following a directive from the Central Bank (Photo: SGGP)

Banks were asked to provide loans for agricultural, forestry and aquaculture production, agricultural product, processing and exports.  
The Central Bank asked banks to stabilize and mobilize funds especially in dong, closely monitor credit growth, and adjust their credit structure according to sector, field, and area, and limit the granting of loans to non-productive sectors.
Banks were also asked to re-schedule debt payment and interest rates for enterprises and production households who have sustained losses due to natural disasters.  
Credit growth has exceeded 33 percent leaving enterprises facing difficulties in obtaining loans. 

By H. Yen – Translated by Minh Loan

Other news