Vietcombank issues bills of exchange with progressive rates

Vietcombank from January 9 to March 9 will issue bills of exchange in dong and US dollars with progressive interest rates at all transaction points nationwide. The targeted clients of these bills of exchange are individuals.
The time for these bills of exchange is six months and 364 days and the minimum face value is one million dong bills of exchange in dong and US$100 for bills of exchange in US dollar.
Specifically, for bills of exchange in dong worth less than 200 million dong the interest rate is 0.68% a month for six-month terms and 0.73% a month for 364-day terms. In addition, bills of exchange worth 200 million dong or more are entitled to an interest rate of 0.70% a month for six-month terms and 0.75% a month for 364-day terms.
For bills of exchange in US dollar worth less than US$20,000, the interest rate is fixed at 4.15% a year for six-month terms and 4.6% a year for 364-day terms. Moreover, bills of exchange worth US$20,000 or more are entitled to an interest rate of 4.35% a year for six-month terms and 4.7% a year for 364-day terms.

 

Category: Finance