Banks offer low-interest loans to businesses

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Sacombank and seven other banks yesterday (June 18) signed credit contracts worth more than VND1,209 billion (US$57.5 million) to support 44 businesses and six households in District 9 and Thu Duc District.

Sacombank signed to offer preferential credit package to businesses in districts of 9 and Thu Duc.—VNS Photo Hoang Nhu Quynh Hoa

HCM CITY (Biz Hub)– Sacombank and seven other banks yesterday (June 18) signed credit contracts worth more than VND1,209 billion (US$57.5 million) to support 44 businesses and six households in District 9 and Thu Duc District.

The other banks are Agribank, Vietinbank, BIDV, DongA Bank, Eximbank, HDBank and OCB.

Sacombank will offer a total of VND50 billion ($2.38 million) in support for 13 businesses at interest rates beginning at 10 per cent per year.

The signing ceremony was chaired by HCM Branch's State Bank of Viet Nam in collaboration with HCM City Department of Industry and Trade, People's Committee in District 9 and Thu Duc District.

Since the beginning of this year, Sacombank has offered 15 preferential packages worth a total of VND19.45 trillion ($926.19 million) and $90 million to support businesses and individuals following policies set by the Government and the State Bank of Viet Nam. --VNS

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