Directive No. 03/2003/CT-NHNN of the Governor of the State Bank requires commercial banks to implement a series of measures to enhance the efficiency and competitiveness of enterprises through capital mobilization, creating favorable conditions for loans, focusing on investment in technology and human resource training.
적용 범위
Commercial banks
핵심 사항
- Commercial banks → intensify the mobilization of medium and long-term domestic capital; effectively utilize international capital sources for investment in high-quality production projects competitive in the market.
- Commercial banks → create favorable conditions for enterprises to access credit through process improvements, simplification of loan procedures, and reduction of processing time.
- Commercial banks → proactively provide capital at appropriate interest rates for all types of enterprises meeting lending conditions.
- Commercial banks → prioritize loans for investment in construction, purchase of machinery and equipment to improve product quality and reduce production costs.
- Commercial banks → consider applying collateral for loans with assets formed from borrowed funds or without asset collateral.
🌐 이 문서의 사회적 영향
- Positive impact: Strengthening enterprises' access to credit, supporting enhancement of their efficiency and competitiveness.
- Negative impact: May increase administrative burdens on enterprises due to compliance with complex regulations.
❓ 자주 묻는 질문
What can commercial banks do under this Directive?
Commercial banks can intensify the mobilization of medium and long-term capital, create favorable conditions for enterprises to access loans, proactively provide capital at appropriate interest rates, and focus on investment in technology.
What conditions must enterprises meet to access credit?
To access credit, enterprises must meet current lending conditions and may be subject to collateral requirements using assets formed from borrowed funds or none at all.
How long is the implementation period for this Directive?
This Directive takes effect fifteen days after its publication in the Official Gazette.
How are commercial banks prioritized for loan provision?
Commercial banks prioritize loans for investment in construction, purchase of machinery and equipment to improve product quality and reduce production costs.
What responsibilities do commercial banks have in implementing this Directive?
Heads of units under the State Bank, Governors of State Bank branches in provinces and centrally-administered cities, and Boards of Directors, General Managers (Directors) of commercial banks are responsible for enforcing this Directive.
전문
DIRECTIVE
OF THE GOVERNOR OF THE STATE BANK NO. 03/2003/CT-NHNN
DATE OF MAY 21, 2003 ON BANK CREDIT TO ENHANCE THE EFFECTIVENESS AND COMPETITIVENESS OF ENTERPRISES On April 4, 2003, the Prime Minister issued Directive No. 08/2003/CT-TTg on enhancing the effectiveness and competitiveness of enterprises. To implement Point 5 of this Directive, the Governor of the State Bank requests commercial banks to carry out the following tasks:
1. Implement comprehensive solutions for capital mobilization: intensify domestic medium and long-term capital mobilization; effectively utilize long-term capital from international financial organizations financing projects for small and medium-sized enterprises, rural finance projects, rural enterprise finance projects, loans under the state-owned enterprise reform program and corporate governance to invest in projects producing high-quality goods with competitive strength in both domestic and international markets. At the same time, commercial banks should take proactive measures to recover loans, especially overdue and stagnant loans, to strengthen lending sources.
2. Create favorable conditions for enterprises of all economic sectors to access bank credit for production investment, technological innovation, and human resource training through improving procedures, simplifying loan application processes, shortening loan processing times while ensuring compliance with legal regulations; publicly display and directly contact enterprises to guide them on loan conditions, procedures, maximum loan processing time, and promptly assess and approve loan applications that meet the loan conditions. In cases where loans cannot be granted, commercial banks must notify enterprises in writing.
3. Proactively provide capital at appropriate interest rates to meet the needs of enterprises for production investment, technological innovation, and human resource training, without discrimination based on the type of enterprise, whether state-owned, collective, or private, provided these enterprises meet current loan conditions and collateral mechanisms.
4. Focus on providing loans for enterprises to invest in construction, purchase, and upgrade machinery and equipment to improve product quality, reduce costs, enhance competitiveness in each product category, particularly those with production advantages, market demand, and products within the integration roadmap with countries in the region. For enterprises with projects producing high-quality goods with competitive strength in both domestic and international markets, commercial banks should prioritize medium and long-term capital allocation to allow these enterprises to borrow funds suitable to the project's capital recovery period.
5. Consider granting loans to enterprises of all economic sectors secured by assets formed from borrowed funds or unsecured loans as follows:
a. Secured loans using assets formed from borrowed funds apply to short-term, medium, and long-term loans as stipulated in Decree No. 85/2002/NĐ-CP dated October 25, 2002, of the Government amending and supplementing Decree No. 178/1999/NĐ-CP dated December 29, 1999, of the Government on loan collateral for credit institutions and related guidelines of the State Bank. b. Unsecured loans according to Decree No. 178/1999/NĐ-CP, Decree No. 85/2002/NĐ-CP, Point 13 Section III Resolution No. 02/2003/NQ-CP dated January 17, 2003, of the Government and related guidelines of
6. Contribute capital to Credit Guarantee Funds to establish Credit Guarantee Funds for small and medium-sized enterprises in provinces and centrally-administered cities as stipulated in Decision No. 193/2001/QĐ-TTg dated December 20, 2001, of the Prime Minister and Circular No. 06/2003/TT-NHNN dated April 10, 2003, of the Governor of the State Bank to expand lending opportunities for small and medium-sized enterprises and cooperatives.
7. Emphasize education and training for staff, particularly credit officers, to thoroughly understand the current credit mechanism, improve loan assessment capabilities, ensure timely disbursement of loan funds in accordance with project requirements and progress, and provide good advisory services to enterprises on effective borrowing and fund utilization, ensuring full and timely debt repayment. g. Implement the dispatch of officials, civil servants, and employees of the State Bank and leadership positions of state-owned credit institutions and state-owned enterprises under the management of the Party Cadre Affairs Committee and the Governor to work or study abroad in accordance with the law; organize the management of passports for officials, civil servants, and employees of the State Bank in accordance with the law.
a. This Directive takes effect fifteen days after its publication in the Official Gazette.
b. Heads of units under the State Bank, Governors of provincial branches of the State Bank, Councils of Management and General Directors (Directors) of commercial banks are responsible for implementing this Directive.
8. Implementation organization
a. This Directive shall take effect fifteen days after its publication in the Official Gazette.
b. The heads of units under the State Bank, the Directors of provincial and centrally-administered city branches of the State Bank, the Boards of Directors and General Directors (Directors) of commercial banks shall be responsible for implementing this Directive.
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