(ĐN)- Late last month, the Government approved an interest-rate subsidy of 4 per cent for short-term dong loans. Money for the subsidy will be drawn from its VND17 trillion (US$977 million) stimulus package, which is projected to inject VND420 trillion ($24 billion) into the economy within a year.
(ĐN)- Late last month, the Government approved an interest-rate subsidy of 4 per cent for short-term dong loans. Money for the subsidy will be drawn from its VND17 trillion (US$977 million) stimulus package, which is projected to inject VND420 trillion ($24 billion) into the economy within a year.
Mr. Nguyen Huy Trinh, Vice Director of Agribank’s Dong Nai branch said that the bank has about VND3,400 billion to lend under the subsidised interest programme and subsidised lending interest rates would start at 6.5 per cent per year for manufacturers.
The bank expressed its commitment to ensuring the transparency and effectiveness of its lending.
Reported by K.Loan
