Vietcombank cuts third-phase lending interest rates for clients affected by Covid-19

Nguyen Thai Minh Quang, Director of Vietcombank’s Binh Duong branch said that Vietcombank has issued a policy to reduce the third-phase lending interest rates for all clients from July 15, 2021 to the end of December 31, 2021, aiming to further support them amid the complicated developments of Covid-19 pandemic,

Accordingly, Vietcombank will cut lending interest rates for corporate clients in 9 fields hard hit  by the pandemic to 1% per annum; for individual customers to 0.5 1% per annum. This is Vietcombank's largest interest rate reduction in 2021 to support clients affected by Covid-19 pandemic with a scale of about VND1.8 trillion.

Reported by Truc Huynh-Translated by K.T