Bank joins housing company to develop property

The Vietnam International Commercial Joint Stock Bank (VIB) and the Housing and Urban Development Financial Investment Corporation (HUDFIC) will work together to develop property projects.

An agreement to this effect was signed in Hanoi on May 14, under which HUDFIC will provide VIB with information on its real estate projects and assist the latter to approach its partners and customers.

For its part, VIB pledged to provide banking and financial credit services for HUDFIC as well as its partners and clients, and support the corporation in financial management and capital mobilisation.

On this occasion, VIB announced its first deposit certificate issuance in 2009 worth a total 1 trillion VND.

The terms of the certificates, which will be issued from May 18 to July 16, will range between 7-36 months with the highest annual interest rate of up to 9.1 percent.

The bank also plans to offer a number of new services as well as promotion programmes for customers.

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