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11/01/2024

Eximbank offers preferential interest rates for Exporters

In response to the instruction of the State Bank on cutting down lending interest rates to facilitate enterprises’ access to low-cost fund, Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has launched the program "Export Financing in VND at Preferential Interest Rates" and "Export Financing in VND at Foreign Currency Interest Rates".

Accordingly, the interest rate of the program "Export Financing in VND at Preferential Interest Rates" applied to export enterprises is 17%p.a. for the purpose of supplementing working capital to purchase goods, raw materials, and pay for costs related to exported goods production, trading and processing. The maximum loan tenor is 3 months. Eximbank will set aside 500 billion dong for this program.

Besides, in order to offer more choices to exporters, Eximbank also launches the program "Export Financing in VND at Foreign Currency Interest Rates" with the interest rate applied to export enterprises of 7.0%p.a. for the purpose of supplementing working capital to purchase goods, raw materials, and pay for costs related to exported goods production, trading and processing. The maximum loan tenor is 6 months. Eximbank will set aside 500 billion dong for this program. The interest rate of 7.0%p.a. shall be fixed for the entire tenor of the loan.