HDBank loan aids consumer goods firms

September 28, 2018 - 11:00

Housing Development Bank (HDBank) has unveiled a preferential loan package for consumer goods producers and distributors for working capital.

HDBank is offering preferential loans to consumer goods businesses. — Photo courtesy of HDBank

Viet Nam News

HCM CITY — Housing Development Bank (HDBank) has unveiled a preferential loan package for consumer goods producers and distributors.

The lender will support enterprises that supply foods and other essential items to supermarkets and convenience stores.

All suppliers to the domestic market and exporters, and local and international companies owning supermarket chains in Việt Nam or elsewhere are eligible to borrow.

They will be offered overdrafts and short-term loans to supplement their working capital, and long- and medium-term loans to enable them to upgrade equipment, machinery, warehouses and vehicles.

The loans will be at preferential interest rates and with convenient tenures and come with a free electronic wallet worth VNĐ5 million (US$214).

HDBank also has many other promotions such as an instant gift of VNĐ5 million for any companies opening an account and loans at 7 per cent interest for motorbike showrooms. — VNS

Tags Vietnam HCM City HDBank Vietnam News news business in consumer goods

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