Banks in HCMC commit $20 bln of preferential credits for enterprises

So far this year, 18 commercial banks and credit institutions in Ho Chi Minh City have registered to provide preferential credit totaling over VND517 trillion (more than $20 billion) to local enterprises, cooperatives, and household businesses, according to the Ho Chi Minh City branch of the State Bank of Vietnam (SBV).

This is part of the southern city's program to support businesses and promote economic growth, according to the branch’s Deputy Director Nguyen Duc Lenh.

This year, the program will focus on disbursing the credit package and organizing dialogues between banks and businesses to seek solutions to help local enterprises, cooperatives and household businesses to get better access to credit.

Two conferences connecting banks with enterprises are scheduled to be held in Tan Binh district in late February and Cu Chi district in March.