Sir, what is the credit growth situation of banks in Ho Chi Minh City today?
By the end of September 2020, the credit of banks in Ho Chi Minh City increased by nearly 5% compared to the beginning of the year. Before that, by the end of August 2020, credit increased only 0.4% compared to July 2020 (equivalent to an increase of 3.68% compared to the end of 2019 and up 8.5% over the same period last year) . Generally for the first 7 months of 2020, credit growth is only 3.27%, lower than the same period of previous years.
Currently, the banking industry is still concentrating its resources on implementing solutions to solve difficulties, supporting businesses affected by Covid-19 to restore production and business according to the guidelines of the Government, the State Bank and HCMC People's Committee.
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Up to now, what are the specific numbers of commercial banks in Ho Chi Minh City that have restructured and extended debts for customers affected by Covid-19?
Deploying and implementing the guidelines of Circular No. 01/2020 / TT-NHNN issued by the State Bank, by the end of July 2020, commercial banks in Ho Chi Minh City have been restructured and extended. 583,157 billion VND in debt to 240,407 customers. In which, restructure the repayment period for 170,915 customers, with outstanding loans reaching 142,023 billion VND; interest exemption and reduction for 18,274 customers, with outstanding loans reaching 53,654 billion VND; New loans accumulated from January 23, 2020 until now to 51,218 customers, with sales reaching VND 387,481 billion.
At the same time, banks in the area have also strengthened and actively promoted connection programs, supporting capital with preferential interest rates for customers. Outstanding credit balance of the banking - business connection program by the end of August 2020 reached about VND289,000 billion for 75,164 customers.
The bank's efforts to reduce interest rates have been recognized, but enterprises expect the interest rate level to decrease further to share and support them to overcome the challenges of the Covid-19 era. Will this expectation of the business be met?
Lending interest rates will continue to decrease in the coming time, but it is difficult to decrease deeply, as interest rates have gradually dropped to low levels to support customers affected by epidemics.
Specifically, for VND lending interest rates, joint stock commercial banks adjusted to decrease by about 0.23% per year for short-term loans and slightly increased by 0.14. % / year for medium and long-term loans. Meanwhile, joint venture and foreign banks reduced interest rates by about 0.58-0.74% per year for ordinary production and business loans.
Credit institutions in Ho Chi Minh City continue to implement the Circular No. 01/2020 / TT-NHNN of the State Bank of Vietnam, review, review, evaluate, and exempt and reduce interest rates for businesses, customers affected by the epidemic ...
Can you tell us, credit is increasing in which fields, industries, in short-term or medium-long-term loans?
In the first 8 months of this year, the credit program for enterprises in export processing zones and industrial zones grew quite high. Previously, as of the end of July 2020, outstanding loans to enterprises in export processing zones and industrial zones reached VND 180,584 billion with 3,740 borrowers, up 12.7% compared to the end of last year.
By the end of August 2020, the mid-term and long-term credit balance of banks in the province accounted for a higher proportion of about 52% of the total credit in Ho Chi Minh City, estimated to increase 4.31% compared to the end. in 2019; and short-term credit balance increased by about 3%. At the same time, there are 12 banks registered to participate in the banking-business connection program, with a total committed capital of VND 247,450 billion.
Thus, it can be seen that, although interest rates have decreased, credit has still increased slowly. In your opinion, will the demand for credit increase sharply in the peak business season at the end of this year?
The decreasing interest rate level is a positive condition to stimulate credit growth in the remaining months of 2020. This is also the highest business season of the year, so credit demand will be improved compared to other countries. month of the year, even though influenced by Covid-19.
State Bank Ho Chi Minh City Branch has directly removed difficulties for businesses as reflected through the departments, branches, districts and business associations sent; At the same time, to organize the implementation of a bank-business connection program to create favorable conditions for businesses and business households to access bank capital and other low-interest and credit policies ...
On August 17, the State Bank of Ho Chi Minh City Branch received 725 cases of feedback sent from departments and branches (Department of Industry and Trade, Department of Du translation and People's Committee of 24 districts) via the Ngan State restaurant to remove capital difficulties.
Facing the negative effects of the Covid-19 epidemic on the economy, the banking sector continued to focus resources on implementing solutions to solve difficulties, supporting businesses affected by the recovery of the Covid-19 epidemic. manufacturing business.
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