Banks loan VND 98trln through business-bank linking program

The Ho Chi Minh City branch of State Bank of Vietnam (SBV) said to date the enterprises from the bank-business linking program have borrowed capital of over VND 98trillion from 16 commercial banks in HCMC.

It was reported at the six month conference to review the program linking commercial bank with enterprise in 2016, held by HCMC branch of SBV on July 4.

For next half year, the HCMC branch -SBV will cooperative with HCMC department of industry & trade to continue controlling the 2016 credit support package.

Stressing at conference, deputy chairman of HCMC People's Committee Tran Vinh Tuyen asked the HCMC branch -SBV in collaboration with department of industry & trade and districts launch the linking program at districts in the city.

From now to year-end, the program must be carried out at least 2 conferences to link banks with enterprises and each conference has to get 500 enterprises, aiming to attract more and more enterprises to join & receive the support from the program, Tuyen added.

H.Nhung-Translated by T.Tran

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