Illustrative image (Source: VNA)

Hanoi (VNA) – The Bank for Investment and Development of Vietnam (BIDV) has launched preferential credit programmes worth a total three trillion VND (132.1 million USD) to support start-ups and micro enterprises.

A two trillion VND (88.1 million USD) preferential credit package has been designed to provide short- , medium- and long-term loan to newly established companies while micro enterprises will benefit from an one trillion VND (44 million USD) programme that provides short-term loans.

Those programmes offer beneficiary businesses annual interest rates 1-1.5 percent a year lower than normal ones.

Besides those two programmes, BIDV also launched preferential loans for small- and medium-sized enterprises.-VNA