Foreign banks snare half of industrial park loans

01-Jan-2005 Intellasia | 31/Dec/2004 Thoi Bao Ngan Hang page 2 | 5:21 PM Print This Post

The State Bank of Vietnam–HCM City Branch said that up to the present total outstanding loans disbursed to export processing zones and industrial parks in HCM City are estimated at 11.509 trillion dong, of which branches of foreign banks account for 50% of the total outstanding loans.
Tran Ngoc Minh, director of the State Bank of Vietnam–HCM City Branch said that EPZs and IPs is the potential market so local banks should have reasonable strategies to expand their shares and ensure the effective and sustainable credit development.
“In addition, banks must be continuously in conjunction with the HCM City Export Processing and Industrial Zones Authority (Hepza) to update the performance situation of businesses in EPZs and IPs and propose measures aiming to remove difficulties and obstacles for these businesses to approach advanced banking products and services.


Category: Finance

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