VIB sets aside $204 mln for local firms

Vietnam International Bank has announced to set aside a combined $204 million loan package for local enterprises.

It includes VND3 trillion new loans for local firms with the preferential interest rates of 12.5-13.5 percent per annum to meet their demand for capital in the year-end peak season.

In addition, VIB will lend $50 million to local exporters at average interest rates of 5 -5.5 percent per annum, especially aquaculture and agro-forestry exporters.

The lender also cuts half of the fees for international payment service and VIB4U online remittance service in Novermber - December this year.

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