Agribank offers VND15 trillion to support import-export
The Vietnam Bank for Agriculture and Rural Development (Agribank) is running an import-export assistance package worth VND15 trillion (US$649.46 million) between now and December 20.
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Accordingly, corporate and individual customers, who meet Agribank’s current requirement for obtaining loans, are eligible to preferential loans for import-export activities, with short-term interests ranging between 5 and 5.5% per year.
Qualifying customers must carry out international payments and trade in foreign currencies at Agribank, while using at least three of the bank’s services, for example in money transfer, card service, internet and mobile banking, and insurance.
They must also commit transferring foreign currencies generated from export contracts to their account opened at the bank.
The borrowers are not allowed to join other preferential loan programmes at Agribank at the same time.
Leaders of the bank said the import-export assistance package aims to realise the Government’s policies on helping enterprises access bank loans and allocate capital for import-export business amid integration.
Founded in 1988, Agribank, the only commercial bank whose charter capital is completely owned by the State, now owns nearly 2,300 branches and transaction offices with almost 40,000 employees.
