The rapid rollout of the programmes reflects banks'' efforts to channel credit towards sectors considered key drivers of economic growth while providing greater support to SMEs.
Small loans will be capped at VNĐ200 million for people''s credit funds and VNĐ400 million for all other credit institutions, from the current maximum of VNĐ100 million.
Experts warn that while digital lending channels hold great promise, coordinated reforms in legal frameworks, infrastructure and technology adoption are crucial to unlocking their full potential.
At the 48th World Chief Financial Officers Congress in HCM City on Friday, the AsiaInvest Group and MoolahSense signed a memorandum of understanding to jointly launch a digital lending platform to benefit small and medium-sized enterprises in Viet Nam.
