Sacombank offers 2 per cent interest subsidy on corporate loans to spur post-Covid recovery

Friday, Sep 23, 2022 18:12

Sacombank has rolled out a 2 per cent interest rate subsidy package to help corporate customers recover post-COVID. — Photo courtesy of the bank

Sacombank has deployed a 2 per cent interest rate subsidy lending package to help corporate customers restore production and business activities in response to the Government’s Decree 31/2022/ND-CP and the State Bank of Vietnam’s Circular 03/2022/TT-NHNN.

It will provide the subsidy for loans to businesses, cooperatives and business households operating in sectors specified under Decision No 27/2018/QD-TTg issued in 2018 by the Prime Minister on economic sector classification.

The sectors include aviation, transportation and warehousing; tourism; accommodation and food and beverage services; education and training; agriculture, forestry and fisheries; processing and manufacturing; software publishing; computer programming and related operations; and information services.

It also applies to developers of social and workers’ housing and those renovating old apartment buildings as decided by the Ministry of Construction.

The interest rate support applies to loans disbursed between January 1, 2022, and December 31, 2023.

Sacombank is one of the pioneers in deploying the Government and the SBV’s policies on solutions to promote and recover the economy after the pandemic.

Over the past two years the bank has always been at the forefront of a programme that seeks to connect banks with enterprises.

Besides, it has consistently launched lending packages with interest and service fees waived or reduced, and preferential corporate credit packages worth tens of trillion dong.

It has also implemented many incentive programmes to help customers optimise costs, including one that lets customers transfer money online for free, Business eCombo packages that help increase utilities and exempt or reduce specialised fees for each customer segment, and others.

Sacombank plans to launch other incentive packages to further enhance practical solutions to support corporate customers. — VNS

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