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LENDING & CREDIT | Cesar Tordesillas, Vietnam

VIB sets aside VND2T for soft loans

Vietnam International Commercial Joint Stock Bank will set aside two trillion dong to lend at the preferential interest rate of from 17.5 percent per year for food producers and processors.


This is intended to support their working capital and raw material purchase.

The lender recently spared about five trillion dong for soft loans at the interest rate of 17.5 percent 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.

The full story is available at Vietnam Daily News.

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