Ten banks took part in a ceremony in HCM City to lend to 44 businesses and two households in two districts at preferential interest rates.— File Photo

HCM CITY (Biz Hub)— Ten banks took part in a ceremony in HCM City to lend to 44 businesses and two households in two districts at preferential interest rates.

Sacombank, Vietinbank, Vietcombank, BIDV, Agribank, DongA Bank, ACB, HDBank, MHB, and ABBank signed credit contracts worth nearly VND1.5 trillion (US$71.4 million) with targeted borrowers. Of which, Sacombank joined to support VND60 billion ($2.86 million) for 5 businesses and 2 households with interest rate of from 8 per cent per year.

Since the beginning of this year, Sacombank implemented 25 preferential packages worth VND28.9 trillion ($1.37 billion) and $105 million to support businesses and individuals following the policy of the Government and the State Bank of Viet Nam.

Besides, to support businesses who join market stabilisation programmes in 2013 and Lunar New Year 2014, Sacombank will set aside VND200 billion ($9.5 million) to businesses with preferential interest rate of minimum 6 per cent per year.

The ceremony was attended by officials from the State Bank's city branch, the Department of Industry and Trade, and the People's Committee of Binh Tan and Binh Chanh districts.

The programme has been implemented in other districts earlier. — VNS