Sacombank reserves 3.000 billion VND for the Connection between Banks & Corporates 2017 Program


As of 10/01/2016: At the review 2016 results and planning for 2017 conference of the Connection between Banks and Corporates Program, Sacombank and the State Bank of Vietnam - HCMC Branch, HCMC Department of Trade signed the credit package worth 3.000 billion VND with interest rate of 6.9% year for short-term loans and 9%/year for medium and long term loans applying for small and medium enterprises in the industrial supporting sector, import and export, high-tech applications and rural agriculture in 24 districts in HCM City in 2017.

In response to the policy of Government and the SBV on implementing specific measurements to remove difficulties for business operation and support market development, Sacombank has accompanied the SBV - HCMC Branch and the Department of Industry and Trade HCM City in the connection between Bank & Corporates program from 2013 up to now with a total capital of 15,300 billion VND. Sacombank has been also actively supporting and implementing the incentive financing programs for the corporates, individual enterprises in HCMC and other provinces over the nation.

According to the action plan in 2017, the connection between Bank and Corporates program will continue funding for 5 priority areas as well as the small and medium enterprises. Besides, the main target of this year's program is focusing on high-tech agriculture sector, household enterprises which are upgrading to corporates and startup businesses according to the orientation of Government and Decision 50 on supporting business in HCM City. It plays the heart role of banking sector in supporting the economic development of HCMC.