Business

Sacombank supports Vietnamese, Cambodian trade

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) announced on July 15 that it has put together a credit package to support Vietnamese exporters to Cambodia and Cambodian businesses that import Vietnamese goods.
The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) announcedon July 15 that it has put together a credit package to supportVietnamese exporters to Cambodia and Cambodian businesses thatimport Vietnamese goods.

The package aims toboost trade between both countries and promote the bank’s role inhelping Vietnamese businesses to invest in Cambodia .

The package focuses on businesses that export and those that produceessential goods to improve the competitiveness of their prices as wellas step up promotions of Vietnamese goods in the Cambodian market.

Under the package, Vietnamese customers who export toCambodia will enjoy a preferential VND lending interest rate of atleast 12 percent per year and their partners in Cambodia will beprovided with preferential USD loans at a minimum interest rate of 8percent per year. The programme will last until October 12, 2010.

Vietnamese businesses that import goods from Cambodiawill also get a 30-percent reduction in the fees for transferring moneyfrom Vietnam to Cambodia from now until December 31, 2010./.
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