TienPhong Bank offers support to farmers in Mekong Delta

TienPhong Bank is offering a special loan scheme to support farmers in the Mekong Delta from August 15, under which the bank will provide capital to farmers for purchase of fertilizer, pesticide, machinery, labor and daily costs.

In addition, the bank is also implementing credit packages worth VND3 trillion ($144 million) for enterprises, in which they will enjoy interest rate from 12.5 to 14 per cent.

The State Bank of Vietnam has just allowed TienPhong Bank to increase its credit debit balance including securities issued by enterprises, till the end of the year.

The bank promised to facilitate loan borrowing procedures to help people and enterprises access capital easily.

By B. Minh - Translated by Uyen Phuong

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