Vietcombank lowers loan interest rate to 6 percent

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

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