Sacombank and the City Department of Industry and Trade signed an agreement on November 27 for a financial package to help support businesses to stockpile Tet goods while maintaining stable prices at the city market.
Under the agreement, SCB will offer loans at preferential rates of 10% per year in the first three months for household businesses, small traders and enterprises in 24 inner and outer city’s districts.
The loans will last through January 2013 with a maximum term of six months for enterprises and one year for household businesses and small traders.
To date, commercial banks in the city have disbursed VND77 trillion (US$3.7 billion) out of the VND200 trillion (US$9.6 billion) package for the city’s price stabilisation programme.
