10trln VND for developing industry, support industry in HCMC

Industry and support industry enterprises in HCM City will have chance to access a credit package worth 10 trillion VND.

10trln VND for developing industry, support industry in HCMC

The program is launched by the municipal Department of Industry and Trade and the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank).

The programme encourages local firms to renovate equipment, enhance production capacity to replace imports and add value to their products.

According to a VietinBank representative, the programme has provided loans for industry and support industry projects at soft interest rates from April 14, 2017.

In addition, the city’s Centre of Supporting Industries Development and VietinBank’s HCM City branch will offer consultations to enterprises during the programme.

Information is available for enterprises at https://csid.gov.vn and www.vietinbank.vn.

The support industry has been one of key sectors priotised for development by the Government, with Vietnam’s economy moving toward deeper international integration through various trade deals.

Other news

Most view

Tat Thanh Cang, Standing Deputy Secretary of the municipal Party Committee, looks at pictures featuring customs activities (Photo: SGGP)

HCMC automobile state budget collection declines

The automobile state budget in Ho Chi Minh City reached around VND2,800 billion ($121.5 million) at the end of June, 2018 while it was nearly VND 9,700 billion in the same period. There was a year-on-year reduction of VND6,900 billion.