Eximbank supports businesses to recover and develop production and business after the Covid-19 epidemic

On July 2, Eximbank participated in the Bank-Enterprise Connection Conference with the aim of "Supporting businesses to recover & develop production and business after the Covid-19 epidemic". The program is implemented and organized by the State Bank Ho Chi Minh City branch in coordination with the Department of Industry and Trade.

Participating in the conference were representatives of leaders of the State Bank of Vietnam, representatives of leaders of the Ministry of Industry and Trade, representatives of leaders of the People's Committee, Departments and branches, and representatives of 32 businesses and 16 commercial banks. Ho Chi Minh City area. At the ceremony, Mr. Dao Minh Tu - Deputy Governor of the State Bank reviewed the goals that credit institutions need to implement in accordance with Circular 01/2020/TT-NHNN issued previously to solve problems. difficulties for businesses, organizations and individuals affected by the Covid-19 epidemic, and at the same time report on the results of the banking industry's support for affected businesses in the first 6 months of the year.

Currently, the epidemic is still complicated in many other countries around the world, causing the economy to become increasingly stagnant. Therefore, domestic enterprises will continue to face difficulties in restoring production and business and finding export markets. Therefore, the State Bank of Vietnam is discussing and researching amendments and supplements to Circular 01/2020/TT-NHNN to provide maximum support to business enterprises.

At the conference, Eximbank signed a Memorandum of Agreement on reducing lending interest rates with two businesses that have credit relationships with Eximbank, including: Van Xuan Industrial Company Limited and Ngoc Hai Automobile Joint Stock Company. Thereby, Eximbank wishes to accompany and contribute to supporting businesses in overcoming difficulties, reducing cost burdens in production and business activities, and helping businesses quickly restore production activities.

Mr. Le Ba Quyet (second from left) - Eximbank representative signing customer support agreement at the conference

Mr. Tran Trung Dung - Deputy General Director of Van Xuan Industry Company Limited, an enterprise supported by Eximbank, said: "The fact that countries are 'closing their borders' due to the Covid-19 pandemic has greatly affected production activities." export and business causes businesses to struggle, especially import-export businesses. However, recently Eximbank has had appropriate and timely support policies to help our businesses partly overcome the difficult period. Our company has been attached to Eximbank since the first day of its establishment. At that time, Eximbank was a bank with the capacity to finance trade and was very dynamic and actively supported commercial enterprises with wide business lines. business and development. Up to now, our company really has nothing to complain about the bank's services."

Over the past time, the good control of the epidemic situation when Vietnam has not had any fatal cases is a bright spot with anti-epidemic achievements recognized and highly appreciated by the world. Social and economic activities are gradually returning to their original rhythm, therefore, solutions to promote economic recovery are extremely necessary for the business community, especially business enterprises. import and export. Determine your important role when accompanying your banks to support businesses through this difficult period in accordance with the Government's orientation and the State Bank's policies, in addition to thoroughly grasping and implementing decisions. List and direct all business units throughout the system to coordinate closely with customers to understand difficulties in business operations such as: Transaction fee exemption, extension support, payment schedule adjustment. debt, focusing on quick disbursement, etc. Eximbank also actively launches loan packages with many attractive incentives to support production and business activities of affected businesses.

"Eximbank has proactively grasped the production and business situation and the level of damage of borrowing businesses affected by this epidemic to promptly support and overcome difficulties. Up to now, The bank has been urgently handling proposals from 1083 customers with a total outstanding debt equivalent to VND 7,401 billion on support for extending and adjusting debt repayment schedules. In addition, preferential packages have been Recently implemented by the bank in accordance with the policy of the State Bank, Eximbank hopes to partly support businesses to proactively source capital for business, thereby having more financial resources to restore growth. and stabilize again" - Mr. Dao Hong Chau - Deputy General Director of Eximbank shared.

Recently, Eximbank was notified by the Asian Development Bank (ADB) to grant a trade finance limit and a revolving credit limit with a total value of up to 31 million USD (equivalent to 725 billion VND). The bank commits to optimize the use of the granted limit to support businesses affected by the Covid-19 epidemic, while diversifying products and services to bring customers a product experience, best service.