Dong Nai banch of VCB to provide loans worth about VND2,000 billion – VND2,500 billion for consumption stimulation

04:02, 16/02/2009

(ĐN)- M. Le Van Quyet, Director of Dong Nai branch of Vietcombank (VCB) made this statement at a meeting with representatives of 200 enterprises in Dong Nai to discuss the implementation of the Government’s policy of consumption stimulation last week.

(ĐN)- Mr. Le Van Quyet, Director of Dong Nai branch of Vietcombank (VCB) made this statement at a meeting with representatives of 200 enterprises in Dong Nai to discuss the implementation of the Government’s policy of consumption stimulation last week.

The Government’s VND17 trillion (US$1 billion) stimulus package has recently been implemented, under which the Government would pay 4 per cent of any commercial loans taken out by vital small – and medium-sized businesses.

Director Le Van Quyet also said that exporters who commit to sell foreign currency to the bank will enjoy the lending rate at 0.5% a year under the Government’s policy of consumption stimulation.

Reported by K.Loan