Deputy Prime Minister Le Minh Khai asked for measures to facilitate businesses’ access to credit and promote capital absorption in the economy at a conference in Hanoi on June 19.

He directed commercial banks to pay attention to creating favorable conditions for businesses to access credit.

Deputy Governor of the State Bank of Vietnam Dao Minh Tu said the central bank has asked credit organizations to make it easier for investors in real estate projects and homebuyers to access credit if they meet all requirements; and to focus on allocating funds to real estate projects that meet legal requirements and those with the capacity to repay loans on schedule.

Credit organizations have also been ordered to consider providing credit to investors, construction contractors, homebuyers, and suppliers of construction materials in order to increase capital circulation and liquidity in the real estate market, Mr. Tu said.

The central bank has also implemented policies to reschedule repayment terms while promoting programs to connect banks and businesses and taking measures to help small and medium-sized enterprises (SMEs) and cooperatives access credit programs and to address difficulties facing the agricultural sector.