Vietcombank lowers loan interest rate to 6 percent

SGGP
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the first bank cutting loan interest rate this year to implement the Government’s Resolution 01 issued on January 1.

A chicken egg processing plant of Ha Huan Company, loaned by Vietcombank

A chicken egg processing plant of Ha Huan Company, loaned by Vietcombank

On January 10, the bank announced that it slashed short term loan rate in the Vietnamese dong to 6 percent in priority fields such as agriculture and rural development, hi-tech applied agriculture, export, small and medium enterprises, hi-tech applied firms and support industry.
Aside from that, startups are subject to the preferential interest rate. Besides new loans, the low loan rate will be applied for old contracts too.
The program will last from January 15 to December 31 this year.

By HANH NHUNG – Translated by Hai Mien

Other news

Most view

Experts say housing crisis impossible

Experts say housing crisis impossible

It is impossible that housing crisis to arise in Vietnam, said experts at seminar “ Crisis period and real estate investment” organized by Thanh Nien newspaper on July 18.

Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

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

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.