The Conference was attended by Mr. Dang Bao Khanh – General Director of SeABank, Ms. Pham Thi Thu Hang - General Secretary of VCCI, Mr. Nguyen Viet Manh – Head of Credit Department of the State Bank, Mr. Vuong Quang Huynh - General Director of Laisuat.vn Banking Information Portal, and top economic experts in Vietnam such as: Assoc. Prof. Dr. Tran Dinh Thien and Assoc. Prof. Dr. Dang Duc Son.
In the context of volatile economy, enterprises and banks are working together to solve problems and anticipate growth opportunities. “Banks and Enterprises - Cash flow Solution" Conference is organized for the purpose of creating an open forum for enterprises and banks to find common directions for development.In fact, even if interest rates are expected to decline and the macroeconomic indicators show that there is still room for interest rates to decrease, creating opportunity to reduce lending rate; however, the number of enterprises accessible to affordable loans is very few. At the Conference, Assoc. Prof. Dr. Tran Dinh Thien said that Quarter I/2013 had accurately reflected the actual unhealthy condition of the economy. It also indicated that stable outlook and growth recovery of the economy were not clear in 2013. According to Head of Credit Department of the State Bank - Mr. Nguyen Viet Manh: at the moment, many banks reduce their deposit interest rates to below the rate ceiling of 7.5% instead of violating the law to compete interest rates and the State Bank is going to stop deposit interest rate ceiling. In addition, under the direction of the State Bank, the lending rate cap is continued being set for the priority areas in the coming time. Currently, the lending rate cap for 5 priority areas is 10%. At the Conference, economic experts also gave remarks on key solutions and SeABank’s representatives also shared methods to help SMEs get access to affordable fund and effective cash flow management method in such a current difficult economic period. One of the important information that SeABank presented at this conference is several financial solutions being provided by SeABank for small and medium enterprises such as: preferential working capital financing package of VND 2,000 billion until 31/12/2013 with preferential interest rate from 9.9% p.a., SeAPlus preferential package with 50% discount of domestic fund transfer fee, SME Golden Hour program with applicable domestic fund transfer fee from VND 8,000 to VND 12,000 per transaction for small value transactions and many other incentives for enterprises. According to Mr. Dang Bao Khanh - General Director of SeABank: SeABank’s current liquidity is abundant; the bank is ready to support fund for enterprises. Trust loan or mortgage loan will depend on the repayment capacity of enterprises. In addition to the provision of support to enterprises in urban areas, SeABank is also focusing on business households in the rural areas with small loans and preferential interest rate policy. At the Conference, representatives of the State Bank, VCCI and SeABank directly answered a lot of questions of enterprises in order to find supporting solutions for enterprises to overcome the current difficult period.At the end of Conference, SeABank awarded 5 gifts to 5 lucky enterprises who attended the Conference with great incentives: preferential interest rate in credit package of VND 2,000 billion, 50% discount of domestic transfer fee until 30/09/2013; 20% discount of international payment transfer and guarantee issuance fee until 30/09/2013; Free issuing fee and annual fee of Visa Business Deffered Debit cards and Visa Business Debit cards; Free Registration and annual fee of SeANet.
