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LENDING & CREDIT | Cesar Tordesillas, Vietnam

Vietnam Eximbank allocates VND2 T for exporter loans

The Vietnam Eximbank allocated VND 2 trillion to lend local exporters at interest rates of 19.5% p.a.

The loan program lasts for 6 months, designed to create favourable conditons for enterprises to access cheap bank loans as requested by the State Bank of Vietnam.

The interest rate of 19.5% p.a. was subject to apply for loans to add working capital, purchase goods, materials, andnpay for production costs, etc, it added.

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