Connecting banks with enterprises in Northern key economic region

11:05 | 14/10/2019 Finance - Banking

The State Bank of Vietnam (SBV) and the People’s Committee of Quang Ninh province organised a conference on connecting banks with enterprises in the Northern key economic region on October 11.

At the conference

The conference held in Ha Long city aims to continue strengthening the links and symbiotic cooperation between banks and enterprises while seeking measures to boost the sustainable development of enterprises in the Northern key economic region.

The event was also an opportunity to disseminate the State’s policies in support of enterprises as well as credit programmes and activities to boost the development of key products of the Northern region as well as market and export expansion.

Vice Chairman of Quang Ninh provincial People’s Committee Bui Van Khang suggested that the banking sector should consider dialogues with enterprises as a positive solution to assist enterprises in accessing loans.

The SBV’s Department of Credit for Economic Sectors said that credit institutions should develop and diversify credit products and services in accordance with the need of firms while implementing derivative products to prevent interest rate and exchange rate risks for enterprises and exporters.

SBV Deputy Governor Dao Minh Tu said that the SBV will continue to operate a proactive and flexible monetary policy to stabilise the macroeconomy, control inflation, and stabilise exchange rates and lending interest rates, contributing to creating a stable business environment for enterprises.

The State Bank will review and complete policies to create favourable conditions for credit institutions to provide diversified financial services based on the application of digital technology to better serve the demand of enterprises.

Many representatives from banks and enterprises also raised their opinions to remove difficulties for enterprises and foster the efficiency of links between banks and enterprises.

Theo NDO