Interest subsidy continues for medium, long-term loans

Customers perform transactions at an Asia Commercial Bank branch in Ho Chi Minh City. The Prime Minister has issued a decision to continue offering interest subsidies on loans for business purposes. (Photo: SGGP)
Prime Minister Nguyen Tan Dung has decided to maintain the 2 percent interest subsidy policy for medium- and long-term loans in 2010 for business purposes.

Under Decision 2072/QD-TTg recently signed by the Prime Minister, the subsidy will apply to loans in dong under the procedure stipulated in Decision 443/QD-TTg dated April 4, 2009.

The loans will be given by commercial banks to businesses operating in the fields of agriculture, forestry, fishery, processing industries, and selected scientific and technological activities.

The maximum subsidy term is 24 months.

The policy is aimed at supporting businesses, stabilizing macroeconomic conditions, and boosting economic growth, the Government said.

By Tr. Ng. – Translated by Truc Thinh

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