Zero percent loan rate provided for enterprises to pay wages for workers

Zero percent loan rate provided for enterprises to pay wages for workers

Deputy Director of Ho Chi Minh City Bank for Social Policies Bui Van Son, on July 13, informed that the Vietnam Bank for Social Policies has started receiving applications for enterprises, who want to borrow money to pay wages for work stoppage and production restoration, according to the support package of VND26 trillion of the Government.
More than VND3.5 quadrillion of loans given with low-interest rates

More than VND3.5 quadrillion of loans given with low-interest rates

The State Bank of Vietnam (SBV) said that to support people and businesses affected by the Covid-19 pandemic, credit institutions have provided new loans with lower interest rates than before the pandemic, with an accumulated loan outstanding balance from January 23, 2020, to now exceeded VND3.5 quadrillion.
Interest rate for social housing loans remains at 4.8 percent per annum

Interest rate for social housing loans remains at 4.8 percent per annum

According to Decision No.532/2021 issued by the Prime Minister, the preferential lending interest rate at the Vietnam Bank for Social Policies applied on preferential loans to rent and buy social housing or build, upgrade, and repair houses according to the provisions of Decree No.100/2015 on social housing development and management is 4.8 percent per annum.