Sunday, August 19 2018


Banks offer low rate loans to businesses

Update: June, 19/2013 - 10:33

HCM CITY (VNS)— Sacombank and seven other banks yesterday signed credit contracts worth more than VND1,209 billion (US$57.5 million) to support 44 businesses and six households in District 9 and Thu Duc District.

The other banks are Agribank, Vietinbank, BIDV, DongA Bank, Eximbank, HDBank and OCB.

Sacombank will offer a total of VND50 billion ($2.38 million) in support for 13 businesses at interest rates beginning at 10 per cent per year.

The signing ceremony was chaired by the State Bank of Viet Nam's HCM City Branch in collaboration with the HCM City Department of Industry and Trade, and the People's Committees of District 9 and Thu Duc District.

Since the beginning of this year, Sacombank has offered 15 preferential packages worth a total of VND19,450 billion ($926.19 million) and $90 million to support businesses and individuals following policies set by the Government and the State Bank of Viet Nam. — VNS

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