ACB to Loan US$50Mln for Exporters at 6.5-7.5 per cent/Year
Asia Commercial Joint Stock Bank (ACB), the biggest listed bank by assets in Vietnam, has recently decided to spend US$50 million financing exporters with an attractive preferential interest rate at 6.5 per cent-7.5 per cent per annum.
The program has started from December 20.
The financing duration for each loan is six months.
Right after signing contracts or having Letter of Credit (L/C) of export, exporters could be financed up to 90 per cent of the contract value. (Vietnam Economic Times)
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