LienVietPostBank to lend 500b dong for rice storage at 11.5pct/yr

Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) has recently announced to spare 500 billion dong to lend at the interest rate of 11.5 percent per year to support enterprises in buying rice for stockpile in the Autumn-Summer crop 2012.

Accordingly, the time to launch the lending package and disbursement is from now till the end of August 10, 2012. The support duration will be three months since July 10, 2012 till the end of October 10, 2012.

Earlier, LienVietPostBank received the State Bank of Vietnam (SBV)’s approval to purchase rice for stockpile in the Spring-Winter crop 2011-2012.

 

Category: Finance