Preferential loans for 15 HCM City firms
Fifteen companies situated in HCM City's processing zones and industrial parks have got total bank loans of nearly US$54 million) at preferential interest rates under a programme initiated by the central bank and the Government.
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Around US$246.6 million has been lent to 562 enterprises under the programme this year, Nguyen Hoang Minh, Deputy Director of the SBV's HCM City branch, said.
The banking – enterprises linkage programme was instituted four years ago to ease the funding and interest difficulties faced by companies based in the city, he said.
As of May 31 this year around US$4.17 billion has been disbursed, with a maximum interest rate of 7 percent for short-term loans and around 9 percent for medium- and long-term loans, he said.
Through the rest of this year the SBV would continue to cooperate with the department and Hepza to promote the programme to enable more businesses to get loans, he said.
He said this year 16 banks have pledged to earmark US$9.48 billion and US$15 million to provide preferential loans to small and medium-sized enterprises and firms in supporting industries, agriculture, and the city's price stabilisation programme.
