Loan guarantees ensure credit

Hanoi (VNA) - Small- and medium-sized enterprises will have access to loans
guaranteed by the Bank of Development of Vietnam for building worker housing
and other approved purposes, under an amended Government decision.

Newly revised provisions in Decision 14/2009/QD-TTg, initially approved by Prime
Minister Nguyen Tan Dung on January 21, aim to ensure enterprises with charter
capital of less than 20 billion VND or which employ fewer than 1,000 workers
access to credit at commercial banks for such purposes as building housing for
low-income workers and students, as well as cemeteries.

Loan guarantees would be revocable if loan proceeds were used for other than
approved purposes.

All qualifying enterprises with overdue debts and which have been denied credit
would now be ensured access to loans for investment projects if they have
committed to paying off their overdue debts.-Enditem