“SHB is ready to support comprehensive financial solutions for small and medium-sized enterprises (SMEs)” – representative of SHB bank shared at the program “Credit capital solutions” organized by Hanoi Association of Small and Medium Enterprises (Hanoisme) and Hanoi Business Support Center (Department of Planning and Investment). from Hanoi) recently coordinated.
Credit for SMEs is one of five priority areas for credit granting and has been implemented by the State Bank of Vietnam and the banking system with many solutions to support and direct credit flows into priority areas. Credit for SMEs has recently achieved positive results, the scale of credit capital is increasingly large. However, there are still many SMEs facing capital difficulties in the context of the world economy being strongly impacted by constant changes and challenges, the domestic economy is in decline…
In order to find solutions to overcome difficulties in capital and market and support useful corporate management consulting activities, Hanoisme recently coordinated with the Hanoi Business Support Center to organize a connection program. “Credit capital solutions”. The program was attended by representatives of more than 50 businesses. Preferential lending policies/programs are one of the important factors to promote credit and support customers.
As one of the pioneering banks accompanying small and medium-sized enterprises (SMEs), also the only bank participating in the program, representative of SHB – Mr. Dinh Ngoc Dung, Deputy Director in charge of Corporate Banking Division shared experiences and introduced comprehensive financial solutions that SHB has been supporting and accompanying SMEs. “Following the Government’s orientation and direction on the development of SMEs, SHB has set a strategy to focus resources on prioritizing the development of this important customer segment.” – SHB representative emphasized.
Preferential lending policies and programs are one of the important factors to promote credit and support customers. Over the past years, SHB has spent trillions of dong in capital with preferential interest rates lower than normal interest rates to attract and support customers. Especially in the period 2023 – 2024, SHB is simultaneously implementing the Interest Rate Incentive Program: short-term interest rate incentives with a scale of 6,000 billion VND to fund working capital needs, and 1,000 billion VND in interest incentives. medium and long-term interest rates, loans signed with the Small and Medium Enterprise Development Fund (SMEDF) to support SMEs in accessing capital with low and fixed interest rates during the loan term…
Especially since very early on, SHB has cooperated with international partners such as WB, IFC, ADB… and is currently continuing to strengthen to seek preferential medium and long-term capital sources and provide advice on safety and techniques. to support customers and SHB in effectively implementing and financing projects.
A typical example of effective use of foreign capital is the cooperation between SHB and the Asian Development Bank (ADB) to implement preferential policies to help minimize the impact of COVID – 19 for women-owned businesses. owner. Accordingly, female-owned SMEs whose loans must be restructured will receive 6 months of loan interest support from SHB and ADB and free loan restructuring fees for customers. For customers with new loans, SHB coordinates with ADB to sponsor customers with 100% of the capital withdrawal commitment fee, maximum 10,000 USD. SHB’s impressive numbers in supporting female-owned businesses: SHB was honored as the top unit among the 5 banks participating in receiving support money; 251 projects were funded and disbursed promptly with a total capital of up to 1.7 million USD, including direct capital support and business consulting for 182/251 projects.
In order to help customers access bank capital more easily, SHB is promoting digital transformation, reforming and simplifying internal processes and procedures, shortening loan approval time; Diversify types of credit products to suit customers’ capital uses. In addition, the bank also actively participates in bank-business connection programs, directly meeting customers to listen and come up with solutions to overcome difficulties and create favorable conditions for customers. access to capital for production and business. At the same time, SHB also proactively provides non-financial solutions, supports connecting input and output markets in the business community, provides free consulting and training on corporate finance, to ensure strategy suitable for the current period.
Identifying SMEs as the key customer segment, SHB sets a goal and continuously strives to have the number of SME customers grow 5 times compared to the present, of which female-owned businesses account for at least 15%. .