On Tuesday, the Da Nang Small and Medium-sized Enterprises (SMEs) Association held a discussion in the city entitled “Loans for SMEs - the Situation and Solutions”.

The participants pointed out that they had encountered several difficulties when accessing bank loans to develop their business.  Therefore, they stressed the need for local banks to launch specific credit packages and create more favourable conditions for them to access bank loans in the future. 

The city’s banks were also asked to loosen their loan requirements for SMEs to facilitate easier access to loans, and to focus more on assessing the feasibility of their business plans instead of their mortgaged property. 

Special attention should be paid to coordinating with the city’s SMEs Association to get more information about the operation of local SMEs.  This should speed up the decision about whether or not an SME is eligible for the loan it has requested.