$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

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.