ACB cuts interest rates on raw material imports

Nhan Dan Online – The Asia Commercial Bank (ACB) has announced it will provide up to VND2 trillion (US$96 million) in preferential loans to local importers.
ACB cuts interest rates on raw material imports

The lender said importers of raw materials can borrow at a rate 30% lower than its standard lending rate for a maximum term of six months.

The programme, which will last until June, seeks to help businesses reduce their costs and stimulate production.

In recent months, ACB has provided a number of innovative services to assist struggling businesses which include the offering of preferential credit programmes.