Attending the conference at Binh Duong bridge point were representative leaders of the SBV, Binh Duong branch, CBs, business associations and cooperatives in the province.
With the goal of removing difficulties for people and enterprises affected by the Covid-19 pandemic, on May 20, 2022, the Government issued Decree no. 31 to support interest rates from the State budget for loans of enterprises, cooperatives and business households. Enterprises, cooperatives and business households are supported with 2% interest rate when borrowing capital at CBs. The total size of the support capital is up to 40,000 billion VND.
Permanent Deputy Governor of the SBV Dao Minh Tu said that up to now, CBs have completed registration of interest rate support plans, which the SBV has summarized and proposed the Ministry of Planning and Investment and the Ministry of Finance to report to the competent authorities to additionally assign public investment plan in 2022 (nearly 16,035 billion VND), arrange public investment plan in 2023 (over 23,965 billion VND), and the SBV has also had the Announcement of the expected interest rate support limit in 2022 to each CB for early implementation of the policy.
In order to support CBs to implement policies soon, the SBV has received, synthesized and answered all questions and inquiries received in any form, both in writing and through direct exchange, exchange by phone, text message, email.
In 2022, more than 16,000 billion VND is requested from the 2% interest rate support package
At the conference, leaders of the SBV together with Ministries, branches and units continue to listen to the opinions of localities, CBs, enterprise representatives and answer questions related to the interest rate support program, so that the policy is uniformly deployed throughout the branch and nationwide.
In the coming time, the SBV will continue to closely monitor macroeconomic developments, domestic and international money markets to manage monetary, credit and interest rate policies proactively and flexibly to control inflation, macroeconomic stability; at the same time, create conditions to support economic recovery and development, implement the program of interest rate support from the State budget. Closely coordinating with relevant Ministries and branches to promptly respond to CBs' problems; implementing the notification of interest rate support limits, payment and settlement of interest rate support quickly, creating maximum convenience for CBs. Paying attention to inspection and supervision of CBs' lending for interest rate support, ensuring that the policy is deployed to the right beneficiaries of interest rate support.
Delegates attend the conference at Binh Duong bridge point
Speaking at the conclusion of the conference, Deputy Prime Minister Le Minh Khai affirmed that this interest rate support program is large-scale, deployed nationwide and has a ripple effect on the whole economy. Therefore, he requested the SBV, Ministries, branches and localities to continue to closely coordinate to synchronously implement the tasks assigned in Decree 31 of the Government. In particular, it is necessary to strengthen coordination with news agencies and press inside and outside the branch to inform and communicate about interest rate support policies, helping enterprises, cooperatives and business households to understand clearly and early access to information on interest rate support policies from the State budget through the CB system. In addition, focusing on inspection and supervision of interest rate support loans of CBs, ensuring that the policy is deployed to the right beneficiaries.
The subjects eligible for interest rate
support are enterprises, cooperatives, and business households with the purpose
of borrowing capital from two groups:
- Aviation, transportation and
warehousing; tourism, accommodation and catering services; education-training;
agriculture - forestry - fishery; manufacturing and processing industry; software
publishing, computer programming and related activities, information service
activities; including construction activities directly serving these economic
sectors, except construction activities for real estate business purposes.
- Implementing projects to build social
housing, housing for workers, renovate old apartment buildings (the list of
projects compiled by the Ministry of Construction from the People's Committees
of provinces and cities and published in writing, on the portal of the ministry).
The support interest rate is 2%/year.
The term of interest rate support is
calculated from the date of loan disbursement to the time when the customer
pays off the loan principal or interest as agreed upon between the commercial
bank and the customer, in accordance with the announced interest rate support
funding source, but not later than December 31, 2023.
Loans with interest rate support that
meet normal loan conditions, are signed loan agreements and disbursed in the
period from January 01, 2022 to December 31, 2023, using capital for the right
purposes, not yet receiving interest rate support from the State budget
according to other policies.
Reported by Phuong Chi- Translated by Thanh Tam