Eximbank offers credit support for importers, exporters

The Vietnam Import-Export Bank (Eximbank) has decided to pour an additional 3 trillion VND in providing credit support for importers and exporters.

Eximbank will cut its US dollar lending interest rates to 6.6 percent from 8.4 percent per annum for exporters and for importers to 6.6 percent for six-month and shorter terms.

The rates will be applied nationwide, said the bank.

The bank has provided almost 2 trillion VND to assist local import and export businesses over the past two months.

Eximbank is currently the largest commercial joint stock bank in Vietnam with a capital of more than 12.6 trillion VND.

VNA

>   Gold price falls (22/09/2008)

>   Eximbank extends foreign exchange insurance (22/09/2008)

>   Vietnam’s bonds, dong drop as funds react to global turmoil (22/09/2008)

>   WB gives 60-mln USD credit for Vietnam’s agriculture (20/09/2008)

>   HCM City sees slight CPI increase in September (20/09/2008)

>   Gold Rush in Domestic Market as Int’l Prices Soar (19/09/2008)

>   25/9/2008, first trading date of Government bonds (CPD0810040, CPD0811041) (19/09/2008)

>   Super profits made on local gold market (19/09/2008)

>   Exit of foreign investors cause bonds to drop (19/09/2008)

>   Gold rises as investors flee stocks hammered by financial crisis (19/09/2008)