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

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

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

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