HCM Based Banks Lend Over 20Tr dong Preferential Loans after 1 Month

11-Jul-2012 Intellasia | StoxPlus | 7:01 AM

Banks in the HCM City have lent two thirds of the VND30 trillion preferential loans package after 1 month implementation, Nguyen VanDung, HCM based deputy governor told local newspaper Dau Tu Chung Khoan (securities investment).

The loans are implemented through 4 state-controlled banks: VCB, VietinBank, BIDV and MHB.

Dung said the State Bank of Vietnam’s HCM branch has been actively working with related agencies and banks to help businesses in the areas access bank loans including organising talks between banks and businesses.

The SBV’s branch also proposed the city’s people committee to propose the government to extend loans or write off for some businesses which are in very difficult conditions.

http://stoxplus.com/News/84138/1/186/hcm-based-banks-lend-over-vnd20 trillion-preferential-loans-after-1-month.stox