LienViet Post Bank Announces Interest Rate Package for Rice Purchase
On July 16, the LienViet Post Bank released an interest rate package to assist local businesses to purchase reserve rice from the summer-autumn crop 2012.
The duration to carry out the lending and disbursement for purchasing rice for reserve is from July 10 to August 10, 2012. The lending will offer a maximum interest rate within three months, from July 10 to October 10.
LienViet Post Bank said that it will spend VND500 billion with an interest rate of 11.5 percent per annum for the purchase for reserve.
LienViet Post Bank is amongst a few commercial banks which have been permitted to purchase rice of the summer-autumn crop 2012 by the State Bank of Vietnam. Earlier, the bank was allowed to buy rice of the 2011-2012 winter – spring crop.
CPV
Vietnamese
