10 Tourism Businesses Receive Preferential Loan of Nearly US$27 Million | Company

Visitors experience a guided city tour at HCMC.

At the conference, ten enterprises in the fields of tourism, accommodation, hotel and catering reached an agreement with ten commercial banks in HCMC to sign loan agreements totaling $634, VND 6 billion ($27 million) with preferential interest rate and apply a two percent sustained interest rate package in accordance with Government Decree No. 31/2022 and Circular No. 03/2022 of the State Bank.

According to deputy director of the municipal tourism department Bui Thi Ngoc Hieu, after nearly five months of resuming tourism activities, the country’s tourism sector has initially achieved significant achievements. However, tourism businesses are still facing difficulties in accessing loan packages to restart their business activities.

In particular, travel companies need revolving sources of capital, but they generally do not have mortgaged properties. The municipal tourism department has also proposed that commercial banks consider imposing appropriate flexible loans on each travel agency, especially unsecured loan packages would be based on the efficient operation of businesses.

During the conference, Deputy Director of HCMC Branch of State Bank of Vietnam Nguyen Duc Lenh affirmed that the agency will continue to implement and implement the solutions to support businesses in the time to come.

Companies with difficult circumstances in the field of banking should reflect the obstacles to the Ministry of Tourism to summarize the proposals to the branch of the State Bank of Vietnam HCMC to support and remove the obstacles.

By Nhung Nguyen – Translated by Huyen Huong