Hanoi (VNA) – The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has announced a 30 trillion VND (over 1.28 billion USD) credit package to support its customers to overcome difficulties amid the COVID-19 pandemic. The package includes exemptions and reductions of lending rates as well as extending and rescheduling debts for both businesses and individuals. Accordingly, 20 trillion VND (858 million USD) would be given to support firms to restructure their debts. In addition, Techcombank will also reduce interest rates for customers by up to 2 percent. It also committed to ensuring credit sources to support companies to resume business after the end of the pandemic. The bank’s household and individual customers can access a 10 trillion VND (429 million USD) support package including reduction of the lending rate of 2 percent and mortgages for buying and repairing houses in six to 12 months. Techcombank’s Managing Director cum Standing … [Read more...] about Techcombank offers 1.28-billion-USD package to supports firms
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