Agribank offers 15 trillion VND to support import-export
The Vietnam Bank for Agriculture and Rural Development (Agribank) is running an import-export assistance package worth 15 trillion VND (649.46 million USD) between now and December 20.
Hanoi (VNA) – The Vietnam Bank for Agriculture andRural Development (Agribank) is running an import-export assistance packageworth 15 trillion VND (649.46 million USD) between now and December 20.
Accordingly, corporate and individual customers, who meetAgribank’s current requirement for obtaining loans, are eligible topreferential loans for import-export activities, with short-term interestsranging between 5 and 5.5 percent per year.
Qualifying customers must carry out international payments andtrade in foreign currencies at Agribank, while using at least three of thebank’s services, for example in money transfer, card service, internet andmobile banking, and insurance.
They must also commit transferring foreign currenciesgenerated from export contracts to their account opened at the bank.
The borrowers are not allowed to join other preferentialloan programmes at Agribank at the same time.
Leaders of the bank said the import-export assistancepackage aims to realise the Government’s policies on helping enterprises accessbank loans and allocate capital for import-export business amid integration.
Founded in 1988, Agribank, the only commercial bank whosecharter capital is completely owned by the State, now owns nearly 2,300branches and transaction offices with almost 40,000 employees.-VNA
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Transaction at Agribank (Photo: Agribank) 
