On the morning of August 8, Thai Nguyen Provincial People’s Committee held the “Morning Tea with Entrepreneurs” Program for August 2026, themed “Removing difficulties, helping businesses access bank credit for investment projects and production and business activities”. Attending the Program were Comrades: Vuong Quoc Tuan, Member of the Party Central Executive Committee, Deputy Secretary of the Provincial Party Committee, and Chairman of the Provincial People’s Committee; Hoang Thu Trang, Member of the Provincial Party Standing Committee and Head of the Provincial Party Committee’s Commission for Inspection; leaders of the Provincial People’s Council and the Provincial People’s Committee, together with a large number of experts, business representatives, and 36 banks and credit institutions operating in Thai Nguyen Province.
Delegates attending the “Morning Tea with Entrepreneurs” Program for August 2026
Amid Thai Nguyen’s distinctive tea culture, the Program opened with a tea ceremony performed by Huong Van Tra Cooperative, helping create a warm, culturally rich atmosphere for the meeting between the government, businesses, and credit institutions.
According to information shared at the Program, credit activity in the province has maintained its growth momentum since the beginning of the year. As of July 31, 2026, total mobilized capital reached over VND 160,000 billion, up more than 6% from the end of 2025; total outstanding credit balance reached over VND 179,000 billion, up more than 9% from the end of the previous year and nearly 18% year-on-year.
Credit capital is playing an important role in helping businesses maintain production, supplement working capital, invest in technology innovation, expand their scale, and implement investment projects. However, in practice, some businesses still face difficulties in accessing capital, particularly regarding loan conditions, collateral, documentation, production and business plans, and the ability to meet credit criteria.
Delegates exchanging views at the Program
At the Program, delegates focused on discussing difficulties and obstacles in accessing credit, loan conditions, and support mechanisms, while also proposing solutions to strengthen connections between banks and businesses. The discussions aimed to clarify the capital needs of each business group and project, improve access to suitable credit sources, and thereby channel capital more quickly into investment projects and production and business activities, creating additional production capacity and new growth momentum for the province.
Chairman of the Provincial People’s Committee Vuong Quoc Tuan and delegates congratulate the cooperation between Thai Nguyen Iron and Steel Joint Stock Corporation (TISCO) and investors on steel supply for the construction of works and projects
One of the highlights of the Program was the exchange of memoranda of understanding between Thai Nguyen Iron and Steel Joint Stock Corporation (TISCO) and investors on steel supply for the construction of works and projects, including: North Hanoi Urban And Infrastructure Investment Company Limited, Saigon Real Estate Group Joint Stock Company, HM Vietnam Group Joint Stock Company, Stavian Thai Nguyen Industrial Park Development Company Limited, TNG Land Joint Stock Company, and Vietnam Smartthings Joint Stock Company; Vietnam Development Bank - Thai Nguyen Province Branch (VDB Thai Nguyen), Joint Stock Commercial Bank for Investment and Development of Vietnam - Thai Nguyen Branch (BIDV Thai Nguyen), and TNG Land Joint Stock Company exchanged a cooperation memorandum on credit financing for the TNG Viet Bac Social Housing Project, with a total project investment of VND 1,230.87 billion, of which VND 861.60 billion is credit capital.
Chairman of the Provincial People’s Committee Vuong Quoc Tuan and delegates witness Vietnam Development Bank - Thai Nguyen Province Branch (VDB Thai Nguyen), Joint Stock Commercial Bank for Investment and Development of Vietnam - Thai Nguyen Branch (BIDV Thai Nguyen), and TNG Land Joint Stock Company exchange memoranda of understanding on credit financing cooperation for the TNG Viet Bac Social Housing Project
Chairman of the Provincial People’s Committee Vuong Quoc Tuan delivers remarks
Highly appreciating the effectiveness of the Program, Chairman of the Provincial People’s Committee Vuong Quoc Tuan affirmed that the “Morning Tea with Entrepreneurs” Program for August 2026 had achieved important results, becoming a practical forum for the government, businesses, and banks and credit institutions to directly exchange views, share information, and identify difficulties and obstacles in accessing capital, thereby finding solutions to unlock capital flows for investment, production, and business activities.
He stressed that, at present, Thai Nguyen’s economic growth holds considerable promise, with the business community playing an important role in creating jobs, expanding production, attracting investment, and contributing to growth. Credit capital is therefore of particular importance, helping businesses maintain operations, supplement working capital, invest in expanding production, innovate technology, and implement projects, thereby generating additional momentum for the province’s socio-economic development.
The Chairman of the Provincial People’s Committee requested that the State Bank of Vietnam - Region V and banks and credit institutions in the area continue to stand alongside businesses, share information, and proactively grasp business needs; study suitable credit solutions; and create favorable conditions for businesses to access capital, use it effectively, and develop production and business activities. He stressed that businesses operating effectively would also help banks fulfill their tasks well while actively contributing to the province’s overall development.
He affirmed that, on the part of the government, Thai Nguyen is committed to continuing to strongly stand alongside businesses and banks and credit institutions; creating the most favorable conditions in handling administrative procedures in accordance with the law; proactively removing difficulties and obstacles within its authority; improving the investment and business environment; and providing maximum support so that projects are implemented on schedule and operate effectively.
Prior to the Morning Tea Program, Thai Nguyen Iron and Steel Joint Stock Corporation (TISCO) and investors signed memoranda of understanding; Vietnam Development Bank - Thai Nguyen Province Branch (VDB Thai Nguyen), Joint Stock Commercial Bank for Investment and Development of Vietnam - Thai Nguyen Branch (BIDV Thai Nguyen), and TNG Land Joint Stock Company also signed a cooperation memorandum on credit financing for the TNG Viet Bac Social Housing Project.