Vietcombank disburses 3tr dong to support SMEs

The Bank for Foreign Trade of Viet Nam (Vietcombank - VCB) on September 26 decided to disburse additional three trillion dong in the bank's credit development plan for 2008 to support small-and medium-sized enterprises (SMEs).

According to Vietcombank, with the recently strong increase in the number of enterprises, of which, SMEs account for over 85%, the credit market for SMEs becomes a potential field.

In addition, from October 1, the bank also reduced the dong lending rates whereby the common interest rate is at 19.5% per year. Traditional customers using the bank's combined services and specialising in key sectors will enjoy the special interest rate at 18.525% per year.