The package offers short-term lending rates 1 – 1.5 percent/year lower than the average lending rate in the banking system. Medium and long-term rates for start-ups are from only 8.5 percent. The loan value and lending rate vary according to the needs of customers: start-ups may borrow up to VND30 billion and micro-businesses may borrow up to VND10 billion.

The credit package has been launched at BIDV’s 1000 branches and transaction offices across the country since February 2018 and will run until the package has been fully disbursed.

In recent years, with the message “Accompanying small and medium enterprises”, BIDV has launched regular preferential credit packages for SMEs with total value up to VND50 trillion. Since the start of 2018, BIDV has offered short-term credit packages of VND15 trillion (USD664 million); a VND10 trillion credit package for SMEs; a VND10 trillion credit package for members of VINASME and other preferential credit packages for SMEs through cooperation with the SME Development Fund (under the Ministry of Science and Technology), JICA (SMEFP), and the Green Investment Fund, among others.

Contact your nearest BIDV branch or call the bank’s 24/7 hotline on 19009247 for more information.