(PLO)- After more than half a year of implementation, the 2% interest rate support package from the budget almost stood still because banks were both scared and afraid, and borrowers had to “criticize” because the conditions were too difficult.
Recently, the Prime Minister sent a telegram to the Governor of the State Bank (SBV) requesting to remove obstacles and provide capital for the economy.
In the telegram, the Prime Minister requested the State Bank to take timely and effective measures, directing commercial banks to consider and speed up the implementation of the interest rate support program from the bank. State budget according to Decree 31/2022/ND-CP on interest rate support of 2% from the budget for loans of enterprises (enterprises), cooperatives and business households.
The right audience is still hard to reach
According to Decree 31, the budget allocates VND 40,000 billion to implement the policy of supporting interest rates of 2%/year, lasting for two years.
In 2022 alone, this interest rate package adds nearly 16,035 billion VND to the State Bank to support the interest rate of 2%/year through commercial banks.
However, according to the data announced by the State Bank, by the end of September 2022, the outstanding loans with interest rate support reached over VND 13,000 billion, that is, just over VND 29 billion was disbursed out of a total of more than VND 16,035 billion. allocation for 2022.
A leader of a bank shared: “This interest rate support package is similar to the interest rate support package 10 years ago, but up to now we are still having a headache because we have not yet solved the problems.”
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| Banks are always ready to lend money to well-run businesses. Photo: T.LINH |
According to the bank’s leader, after the appraisal process, the bank considers that an enterprise is eligible to enjoy a preferential interest rate of 2%, so it should lend. However, until the inspection and examination, the authorities said that the enterprise did not meet the conditions. “Therefore, we are forced to claim back the profits that we have supported customers. However, not only did we not get that interest, but we were also sued by our customers in court,” the bank’s leader said.
This is the story of 10 years ago, and now there are businesses that are entitled to the policy but still cannot access this 2% interest rate support package for various reasons.
Mr. Nguyen Quoc Ky, Chairman of Vietravel’s Board of Directors, shared: The 2% interest rate support package separates industries (aviation, transportation, warehousing, tourism, accommodation services, catering, education…) is the subject of priority loan. “But in fact, enterprises do multi-industry businesses, so it is very difficult to separate each field in an enterprise,” said Mr. Ky.
Sharing at an event, Dr. Pham Chi Quang, Director of the Monetary Policy Department, SBV, said: Banks are also enterprises, they lend based on lending regulations and conditions, but cannot lower standards for loans. This is an immutable principle in banking operations to ensure bad debt management.
Businesses “dodge” interest rates endow
Giving some reasons for the slow disbursement of the interest rate support package, Mr. Pham Toan Vuong, General Director and Member of the Board of Directors of Agribank, said: There are a number of problems, but the outstanding one is related to the application. documents, documents proving the purpose of using the loan.
Specifically, point 2.4, Clause 2, Article 6 of Circular 78/2014/TT-BTC stipulates that in some cases of goods and service purchase and sale, it is possible to only make a list of goods and services purchases, including goods. are agricultural, aquatic, seafood… However, by the time of inspection, examination and finalization of interest rate support, in fact the object formed from the loan has been rotated through the production and business cycle. or paid off. In terms of documents proving the purpose of capital use, there is no financial invoice, only a list of goods purchase and sale. “This partly causes difficulties and fears for banks and customers when proving the purpose of using capital with inspection and auditing agencies,” said the general director of Agribank.
Some other banks believe that one of the conditions to receive 2% interest rate support under Decree 31 is that customers must have a recovery plan, but in fact each bank has a pattern that confuses customers. confusion and this will also make it difficult for inspection and testing later.
Mr. Nguyen Quoc Ky said: “For the policy to be effective, it needs to be accompanied by specific conditions. For example, how to access this preferential interest rate. How businesses can access 2% loans.
Dr. Pham Chi Quang admitted: When lending, banks must assess whether customers have the ability to recover or not to enjoy this policy and this is also a very difficult point for commercial banks.
In recent years, through the reports of commercial banks, the State Bank has also found that the implementation of this interest rate support program has not been effective.
“Clearly we see that there are policies that need to be revised to make them more consistent with reality. Therefore, in the coming time, the SBV will continue with the ministries and branches to review and report to the competent authorities to handle this interest rate support program,” said Mr. Pham Chi Quang.
Grandfather NGUYEN DUC ANH, Deputy Director quizc Branch of the State Bank of Vietnam in Ho Chi Minh City:
Will be associated with the program to connect banks and businesses
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Grandfather NGUYEN DUC ANH |
In 2023, the program to connect banks and businesses will be associated with Decree 31, Resolution 11 of the Government and Circular 03 of the State Bank to implement a 2% interest rate support package to continue implementing to remove difficulties. capital difficulties for enterprises in the context of interest rate pressure.
Although the implementation of this support package has been slow so far, in fact commercial banks have also performed very well in supporting and training credit officers and employees to implement this program, but because it is a The interest rate is funded from the state budget, so both banks and eligible businesses are cautious when accessing this preferential capital.
The implementation of this 2% preferential loan package is approved by commercial banks to ensure that the capital is to the right address, object and purpose of use.
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Grandfather PHAM TOAN VUONG, General Director cum member of the Board of Directors of Agribank:
Expanding the object of interest support
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Grandfather PHAM TOAN VUONG |
In order to remove the knots of the 2% interest rate support package, I think that the Prime Minister, ministries, branches, and the State Bank of Vietnam should consider expanding the object of interest rate support, specifically for customers who are business households. No business registration certificate.
Because at Agribank, nearly 50% of customers’ outstanding loans are business households and have a business line on the list of interest rate support under this package, but they do not have a business registration certificate, leading to The actual number of customers who meet the conditions for interest rate support is still limited.
In addition, it is requested that the inspection, audit agencies and state management agencies agree to guide the contents of the implementation of the interest rate support program under Decree 31, especially the contents of invoices. , documents proving the purpose of using capital for customers when disbursing using the list of goods and services purchase…
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Grandfather NGUYEN QUOC KY, Chairman of the Board of Directors of Vietravel:
Don’t let the business chase the policy
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Grandfather NGUYEN QUOC KY |
One of the biggest difficulties of the tourism industry after the epidemic is financial problems. Travel is one of the constituent parts of the tourism industry, but it is considered the locomotive that pulls the entire tourism industry along. The travel business has the largest asset is a team of skilled personnel, but this intellectual property cannot be mortgaged while the collateral is already in the bank, where can I get more collateral? to get loan.
Currently, the tourism industry is lacking capital and is considered the spearhead of the economy, but policies designed specifically for this spearhead industry do not exist. Without specific policies, how can it become a spearhead industry of the economy?
We suggest that the Government and the SBV should rearrange the lending criteria before the epidemic and after the epidemic, what is good for businesses that we can issue. Moreover, policies always have to be issued quickly and specifically, but don’t let businesses go and find out, it’s very hard!