2,000 billion VND interest rate incentive package for micro-enterprises
Micro-enterprises will enjoy a maximum interest rate reduction of 2%/year compared to VietinBank's normal loan interest rate.
In order to share difficulties and support businesses to promote production and business development, from now until December 31, 2012, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is implementing the program "2,000 billion VND preferential interest rate package for micro-enterprises".
Accordingly, micro-enterprises eligible for this preferential interest rate package are economic organizations with their own names, assets, stable transaction offices, registered business in accordance with the provisions of Vietnamese law, with total capital (or total assets) shown on the financial statements at the most recent time not exceeding VND 20 billion or total revenue shown on the financial statements of the year immediately preceding the time of credit granting not exceeding VND 60 billion.
Micro enterprises will enjoy a maximum interest rate reduction of 2%/year compared to VietinBank's normal loan interest rate for loans serving the working capital needs of enterprises. The maximum loan term is up to 12 months, the maximum credit limit is up to 7 billion VND, and the maximum preferential interest rate period is 3 months.
In addition, VietinBank aims to simplify procedures and shorten loan processing time to support businesses in accessing capital in the most convenient and easy way./.
According to (vov.vn)-LT
