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Bad debt in small and medium enterprises is very low, the high rate falls into big business

According to Deputy Minister of Planning and Investment Dang Huy Dong, we do not misunderstand for SMEs to borrow much, leading to bad debt.
At a press conference following the PM's Meeting with Enterprises on May 17, the reporter questioned the Government on the charges for accessing capital, facilitating capital for small and medium enterprises Increasing capital for these objects is contrary to the objectives set out how to minimize the reduction of bad debt ratio and reduce the risk for banks?

Deputy Minister Dang Huy Dong answered the interview on the sidelines of the 17th

 

On behalf of the SBV, Deputy Governor Dao Minh Tu said that the problem as the reporter questioned is not the reverse, this is very consensus, the cost of formal or informal small and medium enterprises is as The bridge is urgent. Reducing the cost of accessing capital can take many forms, but one essential thing is how to reduce lending rates, enabling small and medium businesses. Commercial banks on the basis of reasonable cost savings. The reduction of this cost by commercial banks for many years has been very positive, achieving the goal of reducing as much as possible costs as well as lending interest rates, enabling small and medium enterprises on the basis of Save cost reasonably.

The cost reduction of commercial banks has been a common program of the past several years and commercial banks have been very active in achieving the goal of reducing as much as possible the cost, especially the interest rate for Loans for small and medium enterprises.

Reducing the risk for commercial banks to reduce costs for small and medium enterprises, there are many measures, not just cost reduction. Of course, commercial banks create many advantages, generating more revenue to reduce bad debts as well as their risks. These are also requirements for commercial banks. However, the SBV believes that commercial banks to achieve risk reduction targets must increase risk prevention with many measures and contents.

Deputy Minister of Planning and Investment Dang Huy Dong added that the reporter's question referred to SME lending, and it seemed that the expansion of SME lending was the cause of bad debt.

"In terms of business development, especially we are submitting the SME Law, we have to clarify this issue." The statistics that I know in the recent past are bad debt in the SME sector. The Bank for Agriculture and Rural Development (NARD), the bad debt ratio for SMEs and agricultural, farmer and rural households, is the target of this bank. Less than 2% and then below 1.5%, while the debt of over 6, 7% is located in big cities and large enterprises.According to the latest data, the Bank for Social Policy is the place for the poor, who Very difficult, disadvantaged people in the society, the ratio of bad debt there is less than 1.5%, the rate of bad debt is very low.

Saying so so that we do not misunderstand for SMEs borrow much lead to bad debt. Of course banks will have the standard bank management. SMEs wanting to not have access to black-credit capital have to rise to meet a number of banking standards and requirements, minimum standards of financial security and credit security. At that point, according to the Law on SME Promotion, we also introduced State programs to support businesses to improve their management capacity, bookkeeping, financial management ... to reach the standard when they borrow. That way we will meet the security requirements of the credit system, "the minister said.

 

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