HD Banks provide US$178 million low interest loans to businesses

The Housing Development Bank (HD Bank) yesterday announced that they would provide VND4 trillion (US$178 million) of loans with the interest rate of 6.5 percent a year to businesses from now until this yearend.

Customers can mortgage their savings cards in Vietnamese dong or US dollar issued by the bank or other credit institutions.

The 6.5 percent interest rate will be kept unchanged during loan time.

The credit package aims to accompany businesses in supplementing liquid capital and promoting production and trading in the end months of the year, the bank says.

By Hanh Nhung – Translated by Hai Mien

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