After four months, the International Finance Corporation (IFC) and international lenders increased the loan package granted to Southeast Asia Commercial Joint Stock Bank (SeABank), from 150 million USD to 220 million USD in order to maintain the cooperation with SeABank in re-financing SMEs, women-owned businesses and the climate.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has unveiled an online preferential credit package of 5 trillion VND (220 million USD) with an interest rate of only 4.99 percent.
Forty businesses have received money from the Government’s non-interest loan package of 62 trillion VND (2.7 billion USD) to pay salaries to nearly 1,200 employees who have stopped working due to the serious impacts caused by the COVID-19 pandemic.
Several major banks have cut lending rates to offer timely support to customers, which is described as a positive sign, especially at the end of the year when the demand for loans increases.
The Cambodian government on September 16 announced a special loan package of 27 million USD to buy paddy from farmers to stabilise rice prices, which are plummeting.
The largest-ever social housing project in the Mekong Delta, which had its official groundbreaking ceremony in Vinh Long province on August 1, is scheduled to be available in June 2016.
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