Vietcombank offers preferential rates to overcome difficulties

Vietcombank has been providing VND2 trillion (US$95.2 million) in loans with a preferential interest rate to individuals and households from May 21 to September 21 to overcome difficulties in the context of the economic downturn.

Eligible borrowers could be given a rate of 14 per cent for household purchases, building and repairs.

Vietcombank has also offered an interest rate reduction programme in four areas including agriculture, export projects, small-and medium-d enterprises and supporting industries, with a rate of 12 per cent per year.

vietnamnews

>   Vietnam c.bank cuts repo rate to 11 percent (28/05/2012)

>   Bad debt plagues financial sector (26/05/2012)

>   Vietnam central bank dispels coin recall rumor (26/05/2012)

>   BIDV to launch e-banking services (26/05/2012)

>   SBV slashes ceiling interest rates by 1% (26/05/2012)

>   Hanoi branch of Industrial and Commercial Bank of China Limited allowed to do factoring (25/05/2012)

>   VietinBank opens branch in Berlin (25/05/2012)

>   Bank inks deal with IFC, BNP Paribas (25/05/2012)

>   AIA Vietnam expands footprint in Vietnam (24/05/2012)

>   VN's growth rate to fall to 5.7% this year (24/05/2012)