Vingroup and Techcombank have proposed a new social housing credit package with a fixed 4.8 per cent interest rate for the first five years, a 30-year loan term and loans covering up to 100 per cent of the purchase price.
Banks in HCM City are focusing on measures to mitigate the difficulties faced by businesses due to the Covid-19 pandemic and help them get back to health.
Sacombank has added an additional VND10 trillion (US$431.18 million) to its preferential credit package for individual customers to meet both business and living needs to help restore production and stabilise their lives after the COVID-19 pandemic.
Tran Thi Thu Trang, director-general of Hanel PT, an electronics maker in northern province Bac Ninh said her company had given up on seeking access to the preferential credit policies after extensive research.
According to Viet Nam Chamber of Commerce and Industry (VCCI), up to 70 per cent of small and medium sized enterprises (SMEs) have had difficulties in getting loans due to not meeting the requirements of lenders.
The real estate market has experienced several so-called fever periods in recent years, pushing up property prices to a level that is unaffordable for people with low or modest incomes.
The Ministry of Industry and Trade (MoIT) has proposed a VNĐ100 trillion (US$4.31 billion) preferential credit package for the development of the country’s support industry.
Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) will provide preferential credit of VND3 trillion to plant macadamia and cash crops (coffee and pepper) in Dac Nong Province.
The Bank for Foreign Trade of Viet Nam (Vietcombank) on Wednesday committed to setting aside a preferential credit package worth VND30 trillion (US$1.3 billion) for the health sector.