Four of these banks are state-owned and have committed a total of 8.5 billion USD to the program. The other eight are joint-stock commercial banks and have committed a total of 7.7 billion USD.
These credit packages show that the banking sector is ready to accompany businesses and bring credit to those that are capable of generating more growth momentum for the economy.
Deputy Director of the SBV's Credit Department, Nguyen Xuan Bac, said: "Our policy is to encourage banks across the system to develop their own credit programs and packages based on their capacity, operating conditions, and ability to balance their capital. This is to support businesses."
In early August, the SBV issued a document requesting commercial banks in its system to develop suitable credit programs, products, and packages to help businesses access capital, including preferential interest rates and service fees.
