Illustrative photo (Source: VNA)
Hanoi (VNA) –
The Vietnam Bank for Agriculture and Rural Development (
Agribank) on July 15 said
it will cut lending rates in Vietnam dong for the fifth time.
Accordingly,
the bank will reduce interest rates by 10 percent for short-term loans with an annual interest
rate of at least 5 percent, and mid-and long-term loans with an interest rate
of no less than 7 percent.
The interest rate cut will worth about 5.5 trillion VND (239 million USD).
The programme,
to last until December 31, will be rolled out at all 2,300 transaction sites of Agribank in the country.
Besides, Agribank has restructured loans, provided free-of-charge domestic money transfer services, and donated more than 130 billion VND to the