$139 million in preferential loans for businesses

Four commercial banks namely Sacombank, Vietinbank, Vietcombank and Agribank yesterday signed an agreement to provide 34 businesses in District 1 with VND3,109 billion (US$139 million) in preferential loans to overcome difficulties and develop production in Ho Chi Minh City.

The signing ceremony was a part of the city’s 2016 program to connect banks and businesses, organized by the District 1 People’s Committee, the State Bank of Vietnam in HCMC, the Department of Industry and Trade.

Last year, the district hosted two such ceremonies to give 57 firms low interest loans with the total capital of VND15,776 billion (US$704 million).

By Viet Dung – Translated by Hai Mien

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