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Banking & Finance

New rates announced on Vietcombank loans

Released at: 17:01, 29/04/2016

New rates announced on Vietcombank loans

Rates changed from April 29 to support business activities.

by Hung Nguyen

Vietcombank applied a new lending interest rate policy from April 29 in support of business activities.

The change came from a proposal by the Prime Minister and directions from the State Bank of Vietnam.

Medium-term loans are subject to a maximum rate of 10 per cent per annum for one year.

Vietcombank also offers a loan package of about VND300 billion ($13.45 million) to support enterprises with sound business plans.

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