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Banking & Finance

VIB assists textile companies

Released at: 12:09, 17/05/2016

VIB assists textile companies

Textile company customers offered loans with reduced interest rates in package to run until December 31.

by Hung Nguyen

Vietnam International Bank (VIB) has introduced a preferential loan package for textile companies.

Textile company customers can enjoy preferential lending interest rates discounted by 20 per cent and also be in the running for a VND70 million cash gift. The program ends on December 31.

Its introduction follows calls by the Prime Minister and the State Bank of Vietnam for banks to cut lending rates to organizations. 

Ms. Vuong Thi Huyen, Director of Wholesale Banking at VIB, said it has sent documents to the SBV to register the VND3 trillion ($134.49 million) preferential financial package for importers, exporters and producers of textiles.

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