VPBank Spends VND4 Trillion for SME Development

To support capital demand for business expansions of small and medium enterprises (SMEs), Vietnam Prosperity Bank (VPBank) has launched two low-rate credit programmes for SMEs.

 

Notably, the lender spared VND2 trillion of preferential credit bearing an interest rate of 5 percent per annum for SMEs. Accordingly, they will bear 5 percent of interest rate for loans with a maturity of 12 months or longer and 8.5 percent of loans of less than 12 months. The programme will last till September 30, 2014 or until the credit is fully disbursed.