Banks offer low interest loans to businesses in IZ, EPZ

Sacombank, Vietinbank, Agribank, Vietcombank, Indovina and VID Public Bank on June 23 signed a credit contract to provide loans at low interest rates to 32 enterprises operating in industrial and export processing zones in Ho Chi Minh City.
 
The loans include VND875.1 billion (US$41 million) and US$2 million.
 
That is the first time the city’s program on connecting banks with businesses cover businesses in industrial and export processing zones as per instruction of the city People’s Committee and the State Bank of Vietnam.
 
The 23 companies operate in priority fields and are loaned at maximum annual interest rates of 8 percent for short term and 11 percent for medium and long terms.
 
The HCMC Export Processing and Industrial Zone Authority provided the State Bank in HCMC with the list of 28 companies who are in need of VND1,098 billion as of May. Of them, 23 meet requirements of the program.

By Nhung Nguyen – Translated by Hai Mien

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.

Economy

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.