State Bank to support enterprises worth VND1.2 trillion

The City branch of State Bank of Vietnam and the People’s Committees of District 9 and Thu Duc District signed an agreement on June 18 to support 50 enterprises that had more than VND1.2 trillion capital.
 
Eight banks will take part in this venture, namely, Sacombank, Agribank, Vietinbank, BIDV, Eastern Asia commercial Bank, Eximbank, HDBank and Orient Commercial Bank, offering interest rate from 9 to 9.5 percent per year.

According to Nguyen Hoang Minh, deputy director of the City branch of State Bank, enterprises will be supported with interest rate not exceeding 10 percent per year.

By Hanh Nhung- Translated by Huyen Huong

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