, Vietnam

Agribank offers $477M in low-interest loans for exporters, importers

Agribank will provide preferential loans worth VND 10 trillion or US$477.4  million for exporters and importers at a 12% annual interest rate.

 

The loans will be offered to customers who need funds to produce, purchase, process and export agricultural products and other kinds of commodities.

It must be repaid within six months.

Such borrowers must pledge to sell their foreign currency gained from exports to Agribank at a rate which is at least equivalent to the VND loans they borrowed.

According to an Agribank report, its outstanding loans for the agriculture and rural sector reached nearly VND 304 trillion as of May 25, 2012, accounting for 70% of the company’s total outstanding loans.

For more.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!