Bac A Bank reduces interest rates by up to 2%/year for corporate customers affected by the Covid-19 epidemic

87.2% of businesses are heavily affected by the epidemic
The report "Impact of COVID-19 pandemic on Vietnamese enterprises" recently published by the Vietnam Chamber of Commerce and Industry (VCCI) and the World Bank (WB) shows that 87.2% of enterprisesaffectedat the "mostly" or "completely negative" level due to the epidemic, of which the majority are new businesses operating for less than 3 years and micro-sized businesses.
Stories of declining revenue, unsold goods, lack of jobs, and difficulty in accessing capital sources have been and are the most talked about topics by business owners when mentioning the impact of the COVID-19 pandemic.

Regarding capital, the survey also showed thatbusinessEnterprises operating in the fields of goods distribution and trade are mainly in need of short-term capital to maintain operations. Meanwhile, manufacturing enterprises are "thirsty" for medium and long-term capital.

BAC A BANK launches preferential interest rates to support corporate customers. Photo: PV

Understanding the above difficulties, Bac A Commercial Joint Stock Bank (BAC A BANK) prioritizes the goal of how tocapital flowcan still reach the business community across the country - minimizing the possibility of "disruption" of production activities due to lack of working capital.

A recent highlight is the program "BAC A BANK supports Business Customers affected by COVID-19", helping to fully and promptly meet the investment needs of businesses, contributing to promoting overall economic growth.

The program applies to debt acceptance contracts arising from July 1, 2021 to December 31, 2021 or until the disbursement turnover reaches the limit of VND 3,000 billion, at all BAC A BANK branches nationwide.
Maximum interest rate reduction up to 2%/year
The promotion is offered not only to existing customers but also to new customers who have not yet made transactions at BAC A BANK, in order to create the best conditions for businesses to easily access capital to feel secure in production and business.
Seriously implementing Circular No. 03/2021/TT-NHNN of the State Bank, BAC A BANK promotes review and assessment of the level of damage of each customer to have policies.interest rate reductionwithin the first 6 months of the respective debt agreement.

By accompanying and standing side by side in difficult times, BAC A BANK is a trusted address for corporate customers. Photo: PV

Accordingly, through the credit package, BAC A BANK reduces interest rates by up to 2.2%/year depending on the decline in business revenue.

Applicable customer objectspreferential policiesThese are businesses in the secondary industry group heavily affected by the COVID-19 epidemic such as Agriculture & aquaculture; Food and beverage production and processing; Textile and garment manufacturing; Transportation, warehousing and transportation support activities; Accommodation, food and beverage services, tourism and sports, entertainment and recreation activities.

For corporate customers in the remaining economic sectors indirectly affected by the COVID-19 epidemic, depending on the level of revenue reduction, BAC A BANK also reduces interest rates by up to 2%/year, helping to support capital and maintain business stability.
“With improved processes and procedures that are simple and quick but still ensure safety and effective capital use, BAC A BANK expectscredit packagewill create maximum conditions for businesses to soon boost production and business activities again" - shared a representative of the leadership of Bac A Commercial Joint Stock Bank.
For detailed information about the BAC A BANK Program to support Business Customers affected by COVID-19, please visit the website www.baca-bank.vn, contact BAC A BANK branches/transaction offices or Customer Care Center 1800 588 828.