HÀ NỘI — The Southeast Asia Joint Stock Commercial Bank (SeABank) will provide preferential loans to enterprises worth VNĐ1.5 trillion (US$65.9 million) until March 31.

Accordingly, SeABank will apply lending rates from 7.5 per cent a year in three months and from 8 per cent a year in six months for short-term loans in Vietnamese đồng.

The bank will also give out short-term loans in US dollar with an annual interest rate of 3 per cent in six months.

The programme aims to provide enterprises with short-term loans to supplement working capital for production and business activities.

Based on the financial needs of customers, SeABank will appraise loans, apply preferential interest rates and advise businesses to improve their capital use efficiency.

In addition to this programme, SeABank has implemented many other incentives for corporate customers, such as Smart and VIP Account.

Scholarships for poor students

SeABank also supports the tuition fee of 20 poor children in 14 provinces and cities across the country by awarding a monthly scholarship of VNĐ1 million to every child until they finish 12th grade.

The students belong to the cities of Hải Phòng, HCM City, Nha Trang and Cần Thơ, and provinces of Bình Dương, Thái Nguyên, An Giang, Hải Dương, Kiên Giang, Vĩnh Phúc, Quảng Ninh, Tiền Giang, Đắk Lắk and Quảng Ngãi.

Through this programme, SeA aims to help the children to continue schooling without worrying about the tuition fee, reducing the burden on their families.

From this year, SeABank has been celebrating its EduDay on January 29 to award scholarships to poor children.

SeABank will continue to seek and support more cases of poor children so that they are able to continue their education and later build a better life for themselves and their families. — VNS