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Submitted by unname2 on Fri, 12/11/2009 - 11:18
Vietnamese credit institution should make sure small and medium-sized enterprises have drawn up effective business plans so they can access the government-subsidised loans, said a foreign experts on December 10.

Patrick E. Tunison, chief international lending officer from the US Small Business Administration (SBA), told a workshop in Ho Chi Minh City held by the Ministry of Finance, the Vietnam Development Bank and the US Small Business Administration, that banks need to co-ordinate the technical assistance, consultancy and training provided to SMES by other agencies.

Nguyen Trong Hieu, Deputy director of the Ministry of Planning and Investment’s Agency for Enterprise Development, said that credit guarantee funds have been set up in 11 provinces as well as Ho Chi Minh City and Hanoi.

Many interest rate subsidies and preferential lending programmes are available to SMEs such as the Government’s 4 percent subsidy programme and the 50-percent interest subsidy available from social policy banks and others.

VOVNews/VNS

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