RELEASED DATE 31 Jul 2019
The new lending rate cap is effective from 1 August 2019 until 31 December 2019, applicable to priority customer groups as per the State Bank’s regulation in the following areas: (i) Trading export products according to Vietnam Commercial Law and relevant guidance documents; (ii) Developing supporting industry according to the Government’s regulation on developing supporting industry; (iii) Business activities of high-tech enterprises according to provisions in the Law on High Technologies and relevant guidance documents. At the same time, the eligible customers will prioritise to use end-to-end services at BIDV.
Earlier on 10 January 2019, BIDV reduced lending interest rate by 0.5%/p.a (from 6.5%/p.a to 6.0%/p.a) applicable to all priority areas.
In addition, from 1 August 2019 to 31 December 2019, BIDV is launching two credit packages totalling VND70 trillion, including VND60 trillion for SMEs and VND10 trillion as short-term loans for microbusinesses and startups, with lending rate reduced by 0.5%/p.a against the current rate.
The rate cut and the new preferential credit packages show BIDV’s prompt response to the policies of the Government and the State Bank in supporting the market and businesses to promote production and manufacturing, contributing to boosting economic growth.
For further information, please contact:
- Branding and Communication Department – Bank for Investment and Development of Vietnam JSC
- Tel: +84.24. 22205256 - Hotline: 19009247 - Website: www.bidv.com.vn