According to Tu, credit organisations also actively removed administrative procedures to make it easier for businesses and individuals to use services.
Last year, they lowered lending rates to help firms access loans at reasonable costs, providing them with nearly 100 preferential credit products, 15 of which were for small- and medium-sized enterprises and start-ups.
In order to achieve such results, the SBV directed credit organisations to accelerate reform in lending procedures and banking services, as well as suggesting that the Government work with ministries, agencies, and localities to offer e-payment solution to public services.
At a recent conference to announce the Public Administration Reform Index 2018 (PAR INDEX), the SBV ranked first in the administration reform index among ministries, ministry-level agencies, and the People’s Committees of centrally-run cities and provinces for the fourth consecutive year, scoring 90.57 percent. –VNA
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