LENDING & CREDIT | Cesar Tordesillas, Vietnam

Sacombank provides $24M loans for importers

Sacombank has allocated US$24 million for local importers to support businesses struggling in the industry.

From September 10 importers can secure loans at an annual rate of 13% for a maximum term of four months.

Since the beginning of 2012, Sacombank has offered 15 different loan packages worth US$528 million to local enterprises in accordance with Government instructions.

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