Vietnam Social Policies Bank reduces interest rates
Prime Minister Nguyen Tan Dung on October 9 issued a decision on the
adjustment of lending interest rates for three credit programmes at the
Vietnam Bank for Social Policies.
Prime Minister Nguyen Tan Dung on October 9 issued a decision on the
adjustment of lending interest rates for three credit programmes at the
Vietnam Bank for Social Policies.
Accordingly, families living near the poverty line can enjoy a rate which is only 20 percent higher than that for poor households, instead of 30 percent as in the old decision.
The interest rates for clean water and environmental sanitation programmes in rural areas and for business households in underprivileged areas are also reduced to 9.6 percent from 10.8 percent annually, equivalent to 0.8 percent per month.
The decision took effect from October 9 and are applied to new loans.-VNA
Accordingly, families living near the poverty line can enjoy a rate which is only 20 percent higher than that for poor households, instead of 30 percent as in the old decision.
The interest rates for clean water and environmental sanitation programmes in rural areas and for business households in underprivileged areas are also reduced to 9.6 percent from 10.8 percent annually, equivalent to 0.8 percent per month.
The decision took effect from October 9 and are applied to new loans.-VNA
You should also see
Prime Minister receives Apple CEO
Prime Minister Pham Minh Chinh received visiting CEO of Apple Tim Cook in Hanoi on April 16, who he once met in the US in September 2022.
See more
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
Business
Hai Phong Techfest connects Vietnamese, RoK businesses
The Department of Science and Technology of the northern port city of Hai Phong is organising the International Techfest Connect 5+, a science and technology festival to promote connectivity in the northern coastal region, from April 15-16.
