Sharing at the Seminar, delegates emphasized that Resolution No. 68-NQ/TU of the Politburo on private economic development was born as a turning point, a breakthrough in thinking and planning economic development policies. This is the Party's affirmation of the key role, the leading important driving force of the private economic sector in the country's development process with the requirement of strong institutional reform, implementation mechanism, building a transparent, effective business ecosystem, accompanying enterprises.
Dr. Nguyen Si Dung (former Deputy Head of the National Assembly Office) emphasized that credit capital is considered the "blood vessel" for the economy in general and enterprises in particular, in which commercial banks play a particularly important role in supplying, regulating, and ensuring the circulation and smooth operation of this blood vessel system.
Faced with the new requirements and tasks set forth by Resolution 68, the banking sector and commercial banks need to prepare and find solutions to diversify capital sources, creating the most favorable conditions for the private economy to access loans. At the same time, credit-related mechanisms and policies need to continue to be supplemented and improved, and commercial banks need to play an important role in implementing Resolution 68.
Mr. Nguyen Phi Lan (Director of the Department of Forecasting, Statistics - Monetary and Financial Stabilization, State Bank) said that by June 18, 2025, the total outstanding credit balance of the entire system reached 16.73 million billion VND, an increase of 7.14% compared to the end of 2024, an increase of 18.71% compared to the same period in 2024. Through the statistical process, it was shown that 100 credit institutions had incurred outstanding debt ratios for the private economic sector. Of which, about 209,000 small and medium enterprises had outstanding debt at credit institutions, especially commercial banks.
“That confirms that credit flows have spread to all segments of businesses and all segments of the economy. In addition, this figure not only reflects the strong development of the private economic sector but also reflects the efforts and endeavors of the banking industry for the private economic sector,” Mr. Nguyen Phi Lan emphasized.
From the business perspective, Mr. Le Hoang Chau (Chairman of the Ho Chi Minh City Real Estate Association) acknowledged that in recent times, there have been reputable and capable real estate corporations and businesses that have used that capital for the right purposes and safely. This has helped real estate businesses complete projects and repay loans and interest to banks.
However, there are also businesses that are weak in capacity, even over-investing, investing in many projects, not using capital for the right purposes... That also poses risks to credit institutions. "We see the relationship between credit institutions and businesses, credit institutions play the role of "midwife"; at the same time, businesses must also play the role of ensuring safety for the whole system", Mr. Le Hoang Chau emphasized.
Delegates said that in order for the private economy to promote its role as "the most important driving force of the national economy", Resolution 68 as well as related Resolutions and directives have provided very specific and clear viewpoints, goals, roadmaps, tasks, and solutions.
One of the important tasks and solutions proposed is to diversify capital sources; create the most favorable conditions for the private economy to access capital resources; review, supplement and perfect credit mechanisms and policies for the private economy; focus on removing difficulties and obstacles for the private economic sector...
Many opinions expressed at the Seminar also said that it is necessary to focus more on improving management capacity along with implementing solutions to increase the prestige and access to credit resources of private enterprises. In particular, capital should be unblocked and promoted, encouraged to flow into the production sector, where specific goods and services are created, creating jobs for many workers, helping to solve many social security issues.
Source: https://hanoimoi.vn/khoang-209-000-doanh-nghiep-vua-va-nho-co-phat-sinh-du-no-tai-cac-to-chuc-tin-dung-707009.html
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