Banks in Dong Nai disburse over VND12 trillion in subsidised loans

(ĐN)- Dong Nai based commercial banks have lent over VND 12,6 trillion under the Government’s subsidised interest loan programme through the end of August, Director of Dong Nai Branch of the State Bank of Vietnam Tran Quoc Tuan said

(ĐN)- Dong Nai based commercial banks have lent over VND 12,6 trillion under the Government’s subsidised interest loan programme through the end of August, Director of Dong Nai Branch of the State Bank of Vietnam Tran Quoc Tuan said. Of the total, over VND 12,1 trillion were soft loans (mainly short term loans) pursuant to Decision No 131/2009/QD-TTg. Private enterprises have benefited most from the programme, receiving 72 per cent of total loans disbursed, households and individuals 17 per cent, State-owned enterprises about 10 per cent.

According to Dong Nai Branch of the State Bank of Vietnam, local commercial banks participating in the Government’s interest rate subsidy programme reported an increase in loans. By the end of August this year, lending from banks wowed by reaching about VND34 trillion, a 24 per cent surge.

The Government’s interest rate subsidy programme is a stimulation measure, suitable to the requirements of the national economy.  

The programme has given practical assistance to organisations and individuals, helping them to weather the current financial storm, while assisting commercial banks in addressing trapped capital and expanding the scope of their credit programmes and customer bases.

Reported by X.P