VPBank offers low-cost loans until September

The Viet Nam Prosperity Commercial Bank (VPBank) has launched the preferential loans up to VND5 trillion (more than $238 million) to small-and-medium-d enterprises nationwide.

The programme, which will end in September, will provide a preferential interest rate of two per cent less than the normal rate.

Fung Kai Jin, the bank's deputy general director, said the bank considered the SMEs to be an important segment for their long term development strategy.

bizhub

>   VN to adopt int'l financial reporting norms in 2016 (22/04/2015)

>   Vietnam to ease foreign ownership ceiling in banks: gov't (21/04/2015)

>   Six small banks find partners (21/04/2015)

>   Speculation blamed for dollar price fluctuations (21/04/2015)

>   Techcombank appoints new General Director (21/04/2015)

>   VIB awarded Best Banking Deal Vietnam 2015 (21/04/2015)

>   Lacking money, MOF attempts to raise fees (20/04/2015)

>   BIDV confirms merger with MHB (18/04/2015)

>   PVI: Notice of transaction of connected institution (PetroVietnam Finance Fund Management Inc.) (17/04/2015)

>   Are the new regulations able to reduce mounting bad debts? (16/04/2015)