Disbursement of preferential loans in HCMC increases by 120 percent

Disbursement of preferential loans in HCMC increases by 120 percent

The State Bank of Vietnam-Ho Chi Minh City Branch informed that by the end of November this year, city-based credit institutions have disbursed nearly VND447.4 trillion of loans for 27,277 enterprises and households under the Bank-Business Connection Program, an increase of 120 percent compared to the credit package that 11 credit institutions registered in the program at the beginning of this year.
Many business loan packages with preferential interest rates launched

Many business loan packages with preferential interest rates launched

The State Bank of Vietnam Ho Chi Minh City Branch (SBV-HCMC Branch) has recently asked local credit institutions to continue implementing solutions to support and remove difficulties for borrowers affected by the Covid-19 pandemic according to the regulations on debt repayment rescheduling, exemption, and reduction of interest rates and fees, and new loans following Circular No.01/2020 and Circular No.03/2021 of the SBV.