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BIDV launches 1.5 trillion VND credit for fishermen

The Bank for Investment and Development of Vietnam (BIDV) has launched a line of credit worth 1.5 trillion VND (68.1 million USD) for fisheries production and processing.
BIDV launches 1.5 trillion VND credit for fishermen ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The Bank for Investment and Development of Vietnam (BIDV) has launched a line of credit worth 1.5 trillion VND (68.1 million USD) for fisheries production and processing.

Of the sum, 500 billion VND (22.7 million USD) will be offered to enterprises while the remaining for households and individuals at an annual interest of 6-8 percent.

Ship-owners will be entitled to an interest waiver for six months, starting from April 8.

Those who had their fisheries suffer from mass deaths are able to repay their loans interest-free for three months from April 8, and those who suffered slow consumption can enjoy a one-month interest-free payment starting from April 8.

Borrowers who are indirectly affected are entitled to a 50 percent discount of interest on their outstanding loans, also from April 8.

All outstanding loans and interest will be restructured.-VNA

VNA
#Bank for Investment and Development of Vietnam#BIDV#credit#enterprises
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