Accordingly, minimum interest rate for loans is at 9% per year in the first 3 months and preferential rates will be applied for the remaining months. The maximum lending time is 5 years for individual clients and 6 months for corporate clients.

The preferential loan package is to solve difficulties for small traders in the year end. Since the start of this year, Sacombank has launched 25 packages for concessional funding worth $105 million and VND28,900bil to assist businesses and individuals in the policy of the Government and the State Bank.

Reported by T.Hong – Translated by A.C