Business

BIDV launches 1.5 trillion VND credit for fishermen

The Bank for Investment and Development of Vietnam (BIDV) has launched a line of credit worth 1.5 trillion VND (68.1 million USD) for fisheries production and processing.
BIDV launches 1.5 trillion VND credit for fishermen ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The Bank for Investment and Development of Vietnam (BIDV) has launched a line of credit worth 1.5 trillion VND (68.1 million USD) for fisheries production and processing.

Of the sum, 500 billion VND (22.7 million USD) will be offered to enterprises while the remaining for households and individuals at an annual interest of 6-8 percent.

Ship-owners will be entitled to an interest waiver for six months, starting from April 8.

Those who had their fisheries suffer from mass deaths are able to repay their loans interest-free for three months from April 8, and those who suffered slow consumption can enjoy a one-month interest-free payment starting from April 8.

Borrowers who are indirectly affected are entitled to a 50 percent discount of interest on their outstanding loans, also from April 8.

All outstanding loans and interest will be restructured.-VNA

VNA
#Bank for Investment and Development of Vietnam #BIDV #credit #enterprises Vietnam
Follow VietnamPlus

Related News

See more

Vietnam and the US hold the second negotiation session of the bilateral agreement on reciprocal trade in Washington D.C from May 19 to 22. - Illustrative image (Photo: VNA)

Vietnam, US look to boost bilateral economic, trade cooperation

Dien stated that Vietnam has a strong and stable demand for US products, equipment, and services, especially in hi-tech and energy sectors. He affirmed Vietnam’s commitment to fostering a transparent and healthy trade environment, noting that Vietnam stands ready to boost coordination with the US side in combating trade fraud, origin fraud, and illegal transshipment.

Ba Son bridge connects downtown Ho Chi Minh City with Thu Thiem urban area (Photo: VNA)

New development momentum for Vietnam’s economic locomotive

For over five decades, the Southeast region has been recognised as Vietnam’s economic and growth engine. At its core is HCM City, flanked by Binh Duong and Ba Ria – Vung Tau, together forming key growth poles not only for the Southeast but for the entire country.