An overview of the conference. (Photo: VNA) The event was jointly held by the city's Department ofIndustry and Trade, the Hanoi Branch of the State Bank of Vietnam, and the HanoiAssociation of Main Industrial Products (HAMI).
Addressing the event, Tran Thi Phuong Lan, Acting Directorof the Hanoi Department of Industry and Trade, said that the conference aimed toprovide a chance for banks and investment funds to introduce soft loans andsupport programmes to businesses, helping them overcome difficulties and develop.
In order to promptly launch infrastructure projects inindustrial parks and clusters in the city, the Hanoi Department of Industry andTrade suggested that businesses should coordinate closely with credit institutionsto access capital sources to serve their production and business activities.
According to the department, in the first seven months of this year, totalretail revenue of goods and services rose about 22% year on year. Meanwhile,the index of industrial production (IIP) of the city increased 7.2% over thesame period last year, and the export revenue was estimated at 9.84 billionUSD, up 17.2% year on year. In the January-July period, the consumer priceindex (CPI) of the city increased 3.38% year on year.
Tran Thi Phuong Lan, Acting Director of the Hanoi Department of Industry and Trade addresses the conference. (Photo: VNA) Despite complicated developments of the COVID-19 pandemic,the city's IPs and EPZs lured nearly 40.7 million USD invested in seven newprojects and an additional 198 million USD poured into 23 existing projects in2021.
Industrial parks in Hanoi had attracted 303 foreign directinvestment projects worth nearly 6.1 billion USD and 399 domestic projects withtotal registered capital of almost 18 trillion VND (788 million USD) by thebeginning of December last year.
At the conference, participants noted that the disbursement of capitalsupporting the socio-economic recovery and development programme has remained slow,while businesses’ access to credit policies and other policies has been modest.
HAMI Vice Chairman Luu Hai Minh said that without assistance from banks,production businesses will face many difficulties.
He said that HAMI members hope to receive preferentialloans from banks to speed up the renovation and application of technological advances.
Agreeing with Minh, Nguyen Van, from the Hanoi Association ofSupport Industries, said that after two years of being impacted by the COVID-19pandemic, technology firms are in need of financial support from banks with long-termloans at low interest rates to boost production activities.
Nguyen Minh Tuan, Director of the Hanoi Branch of the State Bank of Vietnam, affirmed that the banking sector and business community share symbioticrelations, and the banking sector has exerted efforts to support businessesthrough stable interest rates and rein in inflation at the same time.
Tuan called on banks to give best support to enterprises andexpressed his hope that the city's Department of Industry and Trade and HANIFwill work more closely together to hold more such conferences to give chancesfor businesses and banks to meet and explore each other’s demand, thus seeking bestsolutions to deal with difficulties facing companies, and contributing to thesocio-economic development of the capital city.
Within the conference’s framework, the city's Department of Industry and Tradeand HANIF signed a cooperation agreement on information exchange.HANIF, commercial banks and businesses also inked a deal on collaboration in supportingbusinesses to access soft loans./.
VNA
