VIB Initiates VND 3,000 Bln Soft Loans

In order to meet enterprises’ demand for capital for the rest of 2010, Vietnam International Bank (VIB) has implemented the programme “VIB together with Enterprises to successfully fulfil 2010 plan” with soft business loans. Accordingly, VIB offers loans with disbursement limits of VND 3,000 billion at appealing preferential interest rates, from 12.5 percent to 13.5 percent per year on average with each group of customers, in fast, simple and convenient procedures.

 

With this preferential package, VIB mainly offers loans with disbursement purposes which are working capital and only applies on new loans. Besides the package of VND 3,000 billion, VIB will spend US$50 million with interest between of 5 and 5.5 percent per year on average on exporting enterprises, prioritizing the agriculture, forestry and fishery sector, such as rice, coffee, fishery and wood businesses, to help enterprises meet the export plan for 2010. Not only supporting enterprises with preferential capital, from November 1^st to December 31^st 2010, VIB also implements special promotion programmes. Accordingly, VIB will offer discounts up to 50 percent on importing and exporting payments and online money order VIB4U services with the best quality.