SHB offers new preferential package to SMEs
10:08 | 02/10/2017 Finance - Banking
The Saigon Hanoi Commercial Joint Stock Bank (SHB) recently announced that it will launch a 2.5 trillion VND (109.9 million USD) credit package with preferential interest rate from 6.5 percent per year for small- and medium-sized enterprises (SMEs).
BIDV, Lao foreign trade bank beef up cooperation
14:59 | 22/09/2017 Finance - Banking
The Bank for Investment and Development of Vietnam (BIDV) and the Banque Pour Le Commerce Exterieur Lao Public (BCEL) will continue to promote their comprehensive cooperation during 2017-2020 as stipulated in an agreement inked between the two banks in Hanoi on September 20.
PM urges lower interest rates, stable taxes
14:36 | 18/09/2017 Finance - Banking
The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.