Sacombank lends VND50 bil. to SMEs in Can Gio

A representative of Sacombank (C)signs credit contracts with SMEs and households
in Can Gio District last Friday

The loan package includes VND20 billion with an interest rate of 11% per annum and VND30 billion with a rate of 12 pct per annum. Borrowers are those working in the farming, forestry and fishing sectors.

These loans aim to encourage local SMEs and households to shift to the urban agriculture industry under a plan of the city government in the 2011-2015 period.

Last year, Sacombank launched over 22 loan packages worth over VND16 trillion and US$180 million for 2,300 SMEs and those in important sectors such as export and import and rural development.

Established in 2010, Sacombank’s Can Thanh transaction office up to now has mobilized VND100 billion and posted total outstanding loan of VND66 billion.