Hà Nội connects commercial banks to local businesses
VIETNAM, August 16 – HÀ NỘI – More than 100 companies and 43 investors from industrial clusters and nearly 20 commercial banks participated in a conference to connect local companies in Hà Nội with commercial banks and the Investment Fund for the development of Hà Nội (HANIF).
The event, launched on August 15, was jointly organized by the city’s Ministry of Industry and Commerce, the Hà Nội branch of the State Bank of Vietnam and the Hà Nội Association of Major Industrial Products ( HAMI).
Addressing the event, Trần Thị Lan Phương, Acting Director of the Hà Nội Ministry of Industry and Commerce, said the conference aimed to give banks and investment funds a chance to introduce soft loans and business support programs, helping them to overcome difficulties and develop.
In order to launch infrastructure projects in the city’s industrial parks and clusters, the Hà Nội Ministry of Industry and Commerce suggested that companies coordinate closely with credit institutions to access sources of capital. at the service of their production and commercial activities.
According to the department, in the first seven months of this year, total retail revenue from goods and services rose about 22 percent year-on-year. Meanwhile, the city’s Industrial Production Index (IIP) rose 7.2 percent from the same period last year, and export revenue was estimated at $9.84 billion, up 17.2% year on year. In the first seven months, the city’s consumer price index (CPI) rose 3.38 percent year-on-year.
According to the Hà Nội Industrial and Export Zones Authority (HIZA), the capital is now home to 10 operating IPs, covering a total area of more than 1,347 ha. Nine of them have an occupancy rate of almost 100%.
Despite the complicated developments of the COVID-19 pandemic, the city’s IPs and EPZs attracted nearly $40.7 million invested in seven new projects and an additional $198 million paid into 23 existing projects in 2021.
Industrial parks in Hà Nội had attracted 303 foreign direct investment projects worth nearly $6.1 billion and 399 domestic projects with a total registered capital of nearly VNĐ 18 trillion ($788 million) at the beginning of December last year.
During the conference, participants noted that the disbursement of capital supporting the socio-economic recovery and development program has remained slow, while business access to credit and other policies has been modest.
HAMI Vice President Lưu Hải Minh said that without the help of banks, production companies would face many difficulties.
He said HAMI members hope to receive preferential loans from banks to speed up renovation and application of technological advances.
Agreeing with Minh, Nguyễn Vân of the Hà Nội Association of Support Industries said that after two years of the impact of the COVID-19 pandemic, tech companies need financial support from banks with loans. long term at low interest rates. to boost production activities.
Nguyễn Minh Tuấn, director of the Hà Nội branch of the State Bank of Vietnam, affirmed that the banking sector and the business community share symbiotic relations and that the banking sector has made efforts to support businesses through stable interest rates and controlling inflation at the same time. time.
Tuấn called on banks to provide the best support to businesses and expressed his hope that the city’s Ministry of Industry and Commerce and HANIF would work more closely together to organize more such conferences to give businesses and banks the opportunity to meet and explore each other’s demands, thus seeking the best solutions to deal with business difficulties and contributing to the socio-economic development of the capital.
Within the framework of the conference, the city’s Department of Industry and Commerce and HANIF signed a cooperation agreement on information exchange. HANIF, commercial banks and companies also signed a collaboration agreement to help companies access loans on favorable terms. VNS