Opportunity to access capital for private enterprises
On the eve of a new era - the era of national growth, Resolution 68-NQ/TW of the Politburo on private economic development was issued as a turning point, an affirmation of the Party's key role and the leading important driving force of the private economic sector.
Speaking at the seminar "Promoting the role of commercial banks in implementing Resolution 68" organized by the Government's Electronic Information Portal, Mr. Nguyen Phi Lan - Director of the Department of Forecasting, Statistics - monetary and financial stability (State Bank), Resolution 68 has created conditions for private enterprises to access diverse sources of capital in the banking industry as well as other sources of capital.
"Resolution 68 poses many opportunities and challenges for private enterprises. Resolution 68 has encouraged private enterprises to build a transparent financial system and ecosystem, improving governance capacity" - Mr. Nguyen Phi Lan emphasized.
In addition, he said that Resolution 68 creates conditions for businesses to invest more methodically, in line with the market segment that private businesses are pursuing, and also creates conditions for private businesses to diversify capital sources to minimize risks and avoid over-reliance on capital flows of the banking industry.
Private enterprises have the opportunity to mobilize other capital sources from domestic and foreign economic sectors. At the same time, it is possible to implement forms related to joint ventures, associations, equitization, through stock markets, bond issuance, and stocks.
"For the banking industry, one of the issues is to accompany the private economic sector. The banking industry must improve risk management, ensure effective credit flow allocation, focus on priority industries and fields, which the private economic sector has and is in need of.
The banking industry must innovate technology, apply digital to credit services, and let customers experience better services and products. The process must be simpler. That forces the banking industry to innovate and adapt to current changes.
Accompanying is the banking industry in providing consulting support, helping private enterprises in the process of accessing the market, accessing capital, and designing specialized financial products. At the same time, the banking industry must implement more strict procedures, ensuring compliance with international standards and international practices" - Mr. Nguyen Phi Lan assessed.
Credit institutions are the " stepmother" of the economy
Mr. Le Hoang Chau - Chairman of the Ho Chi Minh City Real Estate Association - credit institutions currently play the role of " stepmother" of the economy, including the real estate market. Credit institutions are being limited because 80-90% of mobilized capital is short-term capital - while the requirements of the real estate market are medium and long-term capital, this risk of credit institutions we have to share.
"We hope that our Government and people will realize that investing capital in banks in medium and long-term channels so that banks have better and safer sources to lend and transform in society. From there, increase more medium- and long-term savings deposits to ensure safe and sustainable credit development, including the real estate market" - Mr. Le Hoang Chau emphasized.
Mr. Chau recommended that for real estate businesses, reputation must be included in the list of reputable customers by credit institutions... Real estate businesses themselves must restructure businesses, restructure investment, not spread, or shift investment to the market segment to meet real needs.
By June 18, 2025, outstanding credit in the whole system reached VND 16.73 million billion, up 7.14% compared to the end of 2024, up 18.71% over the same period in 2024 (same period in 2024, outstanding credit increased by +3.87% compared to December 2023).
Through the statistical process, it can be seen that up to 100 credit institutions have incurred outstanding debt ratio for the private economic sector. And of which, about 209,000 small and medium-sized enterprises have outstanding loans at credit institutions, especially commercial banks. That affirms that credit capital has spread to all segments of businesses, all segments of the economy.
