Chairman of Agribank’s Board of Directors Pham Duc An proposed that the Government urgently remove difficulties in the plan to arrange and handle real estate facilities for equitization.
Citing comments from international financial organizations and experts at the Conference on implementing the banking industry’s tasks, Chairman of Agribank’s Board of Directors Pham Duc An said that the world economy in 2024 will continue to decelerate, especially Major economies such as the US, China, and Europe are likely to recover slightly; Controlling inflation is still a priority for many countries. Instabilities that have major and negative impacts on the world economy are becoming increasingly difficult to predict. Therefore, the production and export activities of Vietnamese enterprises continue to face difficulties.
To support growth this year, according to the Chairman of Agribank’s Board of Directors, stimulating domestic production and consumption is very important, the key is strengthening fiscal policy and solutions to promote public investment from the beginning. year.
At the same time, remove legal obstacles related to investment projects, construction, fire prevention and fighting, and the environment, thereby promoting increased demand for credit capital and supporting businesses to maintain operate, gradually overcome difficulties and contribute to economic growth.
Chairman of Agribank’s Board of Directors Pham Duc An.
Mr. Pham Duc An said that the Government needs to soon develop policies to support green growth such as tax reductions, exemptions, and interest rate support policies to accompany credit institutions to encourage and support businesses to research. , improving and converting production to meet current and future environmental protection and green production standards of importing countries. This is a new and growing challenge for Vietnamese businesses.
In addition, the Government also needs to have a specific mechanism for the Ministry of Planning and Investment to include in the state budget arrangement plan to subsidize interest rates for commercial banks to implement this policy. Currently, Agribank still has nearly 2,500 billion VND to implement the interest rate support policy for the period 2009 – 2010 but has not yet been allocated a compensation budget. Due to the long-lasting, chain-like difficult conditions, up to now, most businesses have been negatively affected.
Also according to the Chairman of HDDTV Agribank, many businesses with group 1 debt are likely facing the risk of not being able to pay principal or interest on time because they cannot collect payment due to difficulties with partners. Therefore, the Chairman of the Board of Directors requested that the State Bank of Vietnam need to soon amend Circular 02 to allow credit institutions with debt restructuring to maintain the same debt group for a reasonable time to support businesses.
“Slow implementation of this mechanism will easily lead to businesses applying negative solutions to keep the debt group intact,” Mr. An said.
Finally, regarding the issue of Agribank’s equitization, according to the provisions of Decree 126, equitization will only be implemented after an approved real estate arrangement plan is available. Meanwhile, the origin and legal status of Agribank’s real estate facilities have many problems, so the handling takes a long time. Despite great efforts, in 2023, only 12 pieces can be processed, currently 29 pieces/2,174 pieces are still unresolved.
Agribank is ready to hand over these 29 problematic pieces to the locality to implement equitization. Therefore, Agribank requests the Prime Minister to direct this issue without waiting for a comprehensive settlement after the new Land Law is passed and takes effect.
In 2023, state-owned commercial banks have clearly demonstrated their key role, leading the market, with many solutions to support people and businesses in restoring production and business, thereby making a significant contribution. for economic growth.
In 2023, Agribank has adjusted lending interest rates for many customers 8 times with the largest reduction of 4%/year; For the whole year 2023, the total interest Agribank supports customers is about 4,850 billion VND. Agribank implemented 13 preferential credit programs with a scale of 200,000 billion VND with preferential interest rates 2-3%/year lower than normal lending interest rates; Implementing a policy to restructure debt repayment terms to keep the debt group intact for customers with cash flow difficulties to repay debt.