Eximbank Vung Tau Active in Business Support
Businesses continue to face difficulties in goods consumption due to weak domestic demand, significantly affecting banks’ operations. Facing this situation, all employees of Vietnam Export Import Commercial Joint-Stock Bank (EXIMBANK), Ba Ria - Vung Tau Branch have concentrated efforts to promote capital mobilisation and loan growth, striving to complete business plans assigned.
According to reports from EXIMBANK Ba Ria - Vung Tau, for nearly three years, loan growth of the branch has achieved good results with an increase of 25-30 percent/year on average. In 2012, the branch’s outstanding loans was VND980 billion and by 2013, the number had increased to VND1,240 billion, a 30 percent increase. By 2014, the outstanding loans reached VND1,724 billion. These growth results reflect the effectiveness of the branch’s credit development strategy in recent years. Specifically, implementing directions of EXIMBANK, the branch has continued to promote loan growth to customers, especially to oil and gas enterprises, small and medium enterprises specialised in providing oil and gas equipment and services or household businesses. Besides, the branch also has focused and put priority on balancing the budget to lend capital to the seafood processing and export sector and some exported agricultural processing industries through special incentives.
Along with concessional lending programmes, the branch also has actively implemented the Bank - Enterprises Connecting Programme annually in order to create favourable conditions for businesses to access loans promptly. Particularly in 2014, the branch attracted more than 10 customers participated in the programme with total loans of about VND40 billion. So far, most of the businesses participating in the programme have been enjoying good results.
According to Mr Do Cao Cuong, Director of the Branch, to promote those achievements, in the upcoming time, the branch would focus on promoting lending activities and capital raising through the deployment of optimal products and services of high competitiveness to serve local customers, continuing to contribute to the socioeconomic development objectives of the locality. At the same time, the branch hopes the State Bank will further strengthen the Bank - Enterprises Connecting Programme by enhancing the promotion for the programme on mass media from provincial to district level, so customers can access capital easier and faster.
Truong Thanh
Vietnamese
