On the last September 23rd, at the meeting, exchanging between the State Bank and the Vietnam Young Business Association, Mr. Luong Tri Thin - CEO of Dat Xanh Group, one of the Top Ten entrepreneurs honored as 2014 Vietnam Red Stars together with other young entrepreneurs met Governor of the State Bank Nguyen Van Binh to share the ideas of businesses on the issues of finance, credit.
Panorama of the meeting
Mr. Thin said, real estate credit was increasing highly because of the support of a lot of banks that positively disbursed to the projects. The real estate market in Quarter 3 this year had many signs of good transaction at the projects targeting to the average segment because it was suitable with the financial condition of buyer; besides, the investors also collaborated with the banks to offer preference packages of installment home purchase according to time, according to project progress and according to the Government's bailout package of VND 30,000 billion. Mr. Thin also emphasized agreement to let the authorities, agencies, sectors consider unsound points of the current bailout package of VND 30,000 billion to overcome and expand for many other objects to borrow for home purchase according to this package, because according to observation at the consulting before opening the projects for sales, customers' needs were plentiful but they has not been able to reach to their dream of owning 1 apartment because of entanglement in procedures to borrow for home purchase.
On the other hand, with the warm-up of real estate market, particularly the blocks crowded with apartments below VND 15 million/m2, the area of use from 54 to 70 m2, were chosen by many young families. Explaining about this, the businesses also realized that preferential interest rate would make contribution to help home buyers feel assured when they could make deferred payment with low interest rate. The banks actively took part in consulting customer to borrow for home purchase in the concentrated sales opening ceremonies. Thanks to the approach to explain specific terms and conditions for borrowing, the buyer would make a decision on transaction soon.
Red Star Luong Tri Thin gives a speech at the meeting
Also at the meeting, the Governor of the State Bank highly appreciated the efforts of young businesses in the last time, listened to entrepreneurs' ambition, projects, ideas, entanglement in approaching sources of capital, carrying out production, business. Governor Nguyen Van Binh asked the Banking sector to join hands with the young businesses to offer supportive mechanism, credit policy such as fiduciary loan, and support for linking chain development, develop high technology application projects, etc. The Governor undertook that in the coming time he would continue listening to the petition of the young entrepreneur class to have policy adjustment suitable, promptly, creating favorable conditions for young entrepreneurs to have good projects, run methodical business, be easy to approach the sources of capital, realize business dream, and make contribution to build hometown, country wealthier and stronger.
It is possible to say that the resonance between the enterprise and the bank has created the close-knit linkage when dealing with the sum of borrowing for home purchase for a lot of customers with the real demand.
The exchanging was also an occasion for the Vietnam Young Business Association to introduce to the Governor of the State Bank about the faces of 2014 excellent young entrepreneurs who have been honored as 2014 Viet Nam Red Stars. In the effervescent atmosphere of contemporary Red Stars, the excellent young entrepreneurs will continue proposing and giving practical ideas with high feasibility aiming at contribution to the operation of market for a brighter future.