About 15 trillion VND with preferential rates to be provided for forestry and fishery sector

ABO/NDO- The State Bank of Vietnam has just issued a document guiding commercial banks to implement a credit programme for the forestry and fishery sector, in support of enterprises in the field.

Under the credit programme (worth 634.5 million USD), enterprises that have projects or plans to serve production and business activities in the forestry and fishery field, are eligible for the loans.

The lending interest rates will be at least 1-2% lower than the average rates of the same term of the leading banks. The credit package will run until June 30, 2024.

About 15 trillion VND with preferential interest rates to be provided for forestry and fishery sector (Photo: Huu Tung).

Commercial banks participating in this programme will also waive or reduce service fees for customers, depending on the size of the bank.

So far, 12 commercial banks have registered to take part in the credit programme.

The implementation of the programme demonstrates the support of the banking sector for enterprises, to help them overcome difficulties and boost production in line with the policy of the Government.

(Source: NDO)