Firms say banks not cooperative

South provinces-based business leaders said that banks are not helping them during the current economic situation. They were speaking at a meeting with the State Bank of Vietnam on May 18 in Ho Chi Minh City.

Many businesses complained that banks’ lending procedure remains complicated. Some banks are still confusing when they determine the beneficiaries of low interest.

Despite the State Bank confirming that the monetary markets are stable, firms said they still find it difficult to buy US dollars for payments of imported goods.

To ease the firms’ concerns, the governor of the State Bank, Nguyen Van Giau, promised that he would continue to receive and answer all of their appeals, assuring them that central bank’s key rates will be stabilized in the near future.

In related news, Vietnam’s economy shows positive signs, as the Vietnam Chamber of Commercial and Industry has reported that 91 percent of firms surveyed remain in good shape and plan to expand their businesses.

By H. Liem – Translated by Thuy Doan

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