The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) will allocate up to 5,000 billion VND (approximately 23.9 million USD) to help small and medium-sized enterprises (SMEs) through a preferential lending programme titled “Accompany SMEs’ development 2013”.

Under the programme, which started on May 1, SMEs have the opportunity to borrow short-term loans at preferential interest rates which are three-percent lower than the normal annual rate, for a term of up to six months.

Additionally, the bank will create favourable conditions for enterprises to access capital more easily and quickly to meet their production and business demand; as well as give attractive special offers for businesses using Internet Banking services.

Both new and current customers with effective operation, secured finance and meeting the bank’s requirements will be eligible for participating in the programme.

The activity aims to help enterprises overcome difficulties during an unstable period of global economy.-VNA