Bank–Business Connectivity Conference Held in Phu Tho Province in 2026

On July 2, the State Bank of Vietnam (SBV) Regional Branch 4 organized the 2026 Bank–Business Connectivity Conference in Phu Tho Province.

Attending the conference were Tran Duy Dong, Alternate Member of the Party Central Committee and Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee; Nguyen Ngoc Canh, Member of the Standing Committee of the Party Committee and Deputy Governor of the State Bank of Vietnam; leaders of departments under the SBV, provincial departments and agencies, the Provincial Business Association, representatives of credit institutions, and a large number of local enterprises.

Overview of the conference.

In 2026, as Phu Tho Province strives to achieve double-digit economic growth, strengthening cooperation between banks and businesses has been identified as a key solution to improve access to capital, promote production and business activities, and stimulate local economic development.

As of the end of June 2026, total deposits in the province had reached nearly VND 340 trillion, up 4.34% compared with the end of 2025. Outstanding loans to the economy exceeded VND 391 trillion, an increase of 6.2%, representing the highest credit growth among the provinces managed by SBV Regional Branch 4. Credit continued to be prioritized for manufacturing, industry, trade, services, and other sectors encouraged under Government policies.

Loans to businesses totaled more than VND 137 trillion, up 16.56% from the end of 2025. Of this amount, outstanding loans to small and medium-sized enterprises (SMEs) reached nearly VND 70 trillion. During the first six months of the year, through the Bank–Business Connectivity Program, credit institutions supported 873 enterprises in accessing financing and credit support packages, with total committed funding exceeding VND 16 trillion.

A representative of Quartz Vietnam Joint Stock Company speaks at the conference.

During the conference, representatives of businesses, business associations, and credit institutions discussed challenges in accessing capital, focusing on issues related to project legal documentation, collateral requirements, lending procedures, digital transformation, green transformation, and improving enterprises' capacity to absorb capital. Banks also addressed questions regarding credit mechanisms, interest rate policies, and lending conditions for different customer groups.

In their keynote remarks, Chairman of the Provincial People’s Committee Tran Duy Dong and SBV Deputy Governor Nguyen Ngoc Canh highly appreciated the role of SBV Regional Branch 4 and credit institutions in maintaining monetary market stability, ensuring banking system safety, and helping businesses and citizens gain access to financing for production and business activities.

SBV Deputy Governor Nguyen Ngoc Canh addresses the conference.

Chairman of the Phu Tho Provincial People’s Committee Tran Duy Dong speaks at the conference.

Emphasizing the province’s target of achieving double-digit GRDP growth in 2026, Chairman Tran Duy Dong stated that Phu Tho must simultaneously facilitate three critical “flows”: capital, investment, and administrative reform. To achieve this, local authorities, the banking sector, and the business community should work closely together to ensure that financial resources are directed to the right beneficiaries, used efficiently, and managed prudently.

He called on SBV Regional Branch 4 to continue directing credit institutions to implement effective credit policies, maintain stable lending rates, and create favorable conditions for businesses and citizens to access financing. Credit institutions were urged to adopt a customer-centered approach, accelerate digital transformation, simplify procedures, shorten appraisal and disbursement times, and shift from merely providing credit to partnering with businesses for sustainable development, with particular attention to SMEs, cooperatives, household businesses, and start-ups.

Chairman Tran Duy Dong stressed that the Provincial People’s Committee’s guiding principle is "Real action, real results, real solutions." Accordingly, the effectiveness of the Bank–Business Connectivity Program should be measured by the number of businesses gaining access to capital, projects implemented, jobs created, and tangible contributions to the province’s economic growth.

He also requested provincial departments, agencies, and local authorities to continue streamlining administrative procedures, removing bottlenecks related to land, planning, investment, construction, and legal processes, while shifting from a mindset of “processing documents” to “solving problems,” with business satisfaction serving as a key performance indicator.

Business associations were encouraged to strengthen their role as a bridge between enterprises and authorities by promptly reflecting business concerns, while enterprises themselves were urged to improve corporate governance, enhance financial transparency, proactively pursue digital and green transformation, adopt new technologies, and use capital more effectively.

Dang Khoa