Military bank pledges low-cost loans to SMEs

Small- and medium-d enterprises can access preferential loans up to VND20 trillion (US$920 million) from the Viet Nam Military Joint Stock Commercial Bank (MB).

The programme includes long-term loans in Vietnamese dong and US dollar, and medium-term loans for production and business activities, agricultural and rural projects and infrastructure development.

The interest rate for the loans will fluctuate between 6.9 to 9.5 per cent per year.

Recently, the Viet Nam Bank for Industry and Trade (VietinBank) also committed to give VND2 trillion ($92.6 million) in credit to a number of projects in the northwest, mostly in healthcare, education and defence security. 

bizhub

>   Forex rates need to be adjusted: experts (16/04/2015)

>   Foreign banks begin third wave of investment in Vietnam (15/04/2015)

>   Vietinbank to merge with PGBank (15/04/2015)

>   SCIC seeking to boost state capital divestiture efficiency (14/04/2015)

>   Most farm produce import tariffs to go in 2018 (13/04/2015)

>   Deposit growth rate slows as credit continues to rise (11/04/2015)

>   Viet Capital Bank's net profit up 53 per cent (10/04/2015)

>   VAMC to adjust NPL interest rate (10/04/2015)

>   HDBank offers $286 million in preferential loans (10/04/2015)

>   Vietnam's Eximbank in merger talks with a local bank (10/04/2015)