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

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