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250 trillion VND in preferential loans to be provided to local enterprises

by VTV428 April 2016 Last updated at 13:21 PM

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250 trillion VND in preferential loans to be provided to local enterprises
VTV.vn - HCMC have asked banks in the city to loan about VND 250 trillion (US$11.2 billion) this year to local enterprises at preferential interest rates.

This figure is higher than the total amount of capital disbursed in the 2012-2015 period, and is part of a programme connecting banks and enterprises that have been operating for three years. The preferential rates are 1-2% lower than the market rates, ranging from 7-9% per year depending on specific terms of the loan. So far, more than one-tenth of the targeted amount has been provided to enterprises.