Five finance companies allowed to lend subsidised loans

State Bank of Vietnam (SBV)’s governor on March 13 issued Circular No 04/2009/TT-NHNN ruling details on supporting lending rates to individuals and institutions borrowing bank loans for business production.

Accordingly, the credit institutions allowed to provide loans with subsidised interest rates include Rubber Finance Corp, Vinacomin Finance Co, PetroVietnam Finance Joint Stock Corp, Vinashin Finance Co and Handico Finance Co.

Also, the short-term dong loans in the mineral mining field are subject to the subsidised loans.

Till March 13, the subsidised outstanding loans reached 144.312 trillion dong. In which, the outstanding loans provided by state commercial banks and Central People’s Credit Fund accounted for 114.537 trillion dong while that of joint stock banks was 26.837 trillion dong, and joint venture banks, foreign bank branches and foreign wholly owned banks supplied 2.938 trillion dong of soft loans.

 

Category: Finance