VIB earmarks 1.5tr dong to lend at 11.5pct/yr

Vietnam International Commercial Joint Stock Bank (VIB) has recently launched a credit package worth 1.5 trillion dong to lend at the interest rate of 11.5 percent per year for small and medium sized enterprises (SMEs) in HCM City.

Accordingly, from July 10 to December 31, 2012, SMEs in HCM City will have opportunities to access bank loans at the minimum interest rate of 11.5 percent per year and the maximum lending interest rate of no higher than 14 percent per year.

Particularly, VIB will give the priorities in disbursement for enterprises in sectors of export, import, production and processing. After 10 days of launching of the programme, nearly 100 billion dong worth of soft loans has been disbursed to enterprises.

Since early 2012 so far, VIB has launched many preferential credit packages for businesses. In June 2012, the lender also spared two trillion dong to lend at the interest rate of 14 percent per year for firms in food and beverage sectors.

 

Category: Finance