An HDBank branch. The lender has unveiled a concessional loan package worth VND10 billion (US$430,172) for businesses in the clean and hi-tech agricultural sectors. — Photo courtesy of HDBank
HDBank said it has earmarked VND10 billion (US$430,172) for loans with tenures of up to 10 years to clean and hi-tech agricultural businesses.
The interest rates on the concessional loans will be 1 per cent lower than normal.
The loans can be secured by assets formed from them, and borrowers can get 80 per cent of the asset’s value.
They are available to all agricultural businesses, including those in aquaculture and processing, for production and trading, expansion or investment in new projects.
To enable supermarket and convenience store chains and export companies to distribute clean agricultural products, the lender is also offering concessional loans to them. — VNS