5:31:54 PM | 26/9/2014
The People’s Committee of Hanoi City issued Decision No. 4832/QD-UBND on interest supports for local businesses in 2014.
The city will partially subsidises interest rates for short-term Vietnamese dong loans, carrying maturities of up to 12 months, for Hanoi-headquartered companies borrowing money from local credit institutions for production and business activities.
Beneficiaries are manufacturers of recognised key industrial products, industrial supporting products and small and medium-sized enterprises.
The subsidised interest rate of 0.2 percent per month is applied on outstanding loans disbursed from January 1, 2014 to December 31, 2014. The maximum support period is 12 months.
Hung Hien
Vietnamese
