PM urges acceleration of extension of interest rate support loans to enterprises

Prime Minister Nguyen Tan Dung has urged the banking sector and relevant ministries and agencies to accelerate the extension of interest rate support loans to enterprises. This instruction was contained in Official Notice No. 52/TB-VPCP dated February 19, on the implementation of monetary measures in response to the Government’s demand stimulus policy.

Under this Notice, the PM required the banking sector and other relevant ministries and agencies to speed up this process by promptly overcoming all arising difficulties in implementing Decision No. 131/QD-TTg. The State Bank of Vietnam (SBV), he added, should continue to guide commercial banks to restructure loans and adjust the lending rates of their loan contracts in compliance with the existing interest rates.

The PM also asked SBV to take the lead in coordination with the Ministry of Finance (MOF) to promptly solve the arising problems related to the borrowers, and payment and final accounting procedures of credit institutions in implementing Decision No. 131, especially for crop-interval and consumer loans in rural areas.

In addition, the PM instructed the banking sector to take proper supervisory measures to mitigate negative doings and impose strict penalties on erroneous cases in utilizing the interest rate support loans by any borrowers. In addition, all difficulties in loan guaranty should be urgently dealt with in order to facilitate enterprises to get quick access to bank loans. SBV will have to have to submit to the PM in February all revised regulations on loan guaranty.

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