VIB sets aside 2tr dong for soft loans

Vietnam International Commercial Joint Stock Bank (VIB) has recently said that it has set aside two trillion dong to lend at the preferential interest rate of from 17.5% per year for food producers and processors to support the working capital and raw material purchase.
Previously, by the end of September, this lender also spared about five trillion dong for soft loans at the interest rate of 17.5% per year for enterprises in sectors of rice, coffee and seafood.

By the middle of September, VIB also offered a one trillion dong credit line at the preferential lending interest rate for rice firms. – Source: Vietbiz24.com

Tags: VIB, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Oct 7 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry