Home Finance

OceanBank offers low rate loans to builders

Apr 14th at 10:44
14-04-2014 10:44:20+07:00

OceanBank offers low rate loans to builders

OceanBank will lend VND1 trillion to construction enterprises at 8.5 per cent annual interest rate or 2 to 3 per cent lower than the normal interest rate.

 

The bank also plans to offer several incentives through a safety-net program.

The program aims to assist construction enterprises in solving difficulties and promoting business development by providing capital for them to pay the cost of contract performance in accordance with project estimation, such as payment for raw material, goods, payment of salaries, transport cost, and rent cost.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Lending rates at 2005-2006 levels
FINANCE Apr 12th at 14:29

Lending rates at 2005-2006 levels

Lending rates currently hover at 2005-06 levels, less than half the 2011 rates, according to the State Bank of Viet Nam's Monetary Policy Department.

Vietinbank may acquire Petrolimex's PGBank
FINANCE Apr 12th at 14:27

Vietinbank may acquire Petrolimex's PGBank

PGBank, a small in-house bank of Petrolimex, may sell 99 per cent of its stake to the second-largest bank by assets, Vietinbank, as part of its restructuring...

Standard Chartered inks $22m credit deal with coffee exporter Tin Nghia
FINANCE Apr 12th at 14:25

Standard Chartered inks $22m credit deal with coffee exporter Tin Nghia

Standard Chartered Bank Vietnam has signed an agreement for a US$22 million structured trade finance facility with Tin Nghia Corporation to fund the expansion of...

VAMC improves liquidity, despite retaining bad loan-related risks
FINANCE Apr 11th at 16:21

VAMC improves liquidity, despite retaining bad loan-related risks

Vietnamese banks can improve their liquidity by selling bad loans to the Vietnam Asset Management Company (VAMC), but the related economic risks still exist, noted...

Vietnam banks safe from Heartbleed security flaw: central bank
FINANCE Apr 11th at 16:16

Vietnam banks safe from Heartbleed security flaw: central bank

Commercial banks across Vietnam are safe from the Heartbleed bug, the vulnerability that has sent thousands of Internet banking websites and online payment services...

Banks cut rates on capital surplus
FINANCE Apr 11th at 10:15

Banks cut rates on capital surplus

Many banks have slashed interest rates to below the ceiling level of 6 per cent regulated by the central bank amid abundant capital.

Moody's: VAMC improves liquidity at Vietnamese banks, but does not provide capital
FINANCE Apr 10th at 16:28

Moody's: VAMC improves liquidity at Vietnamese banks, but does not provide capital

Moody's Investors Service says Vietnamese banks can improve their liquidity by transferring problem loans to the Vietnam Asset Management Company (VAMC, unrated)...

HCMC taxman to launch tax probes into 20 celebrities
FINANCE Apr 10th at 10:37

HCMC taxman to launch tax probes into 20 celebrities

The HCMC Department of Tax will open investigations into incomes of 20 celebrities in the entertainment sector in order to collect personal income tax for last year.

Vietnam to issue VAT refunds to foreigners at more exit terminals
FINANCE Apr 9th at 14:19

Vietnam to issue VAT refunds to foreigners at more exit terminals

The Ministry of Finance is seeking government approval for a new circular to give VAT refunds to foreigners who leave Vietnam through many other airports and...

Experts label 10% soft drink tax ‘unfair'
FINANCE Apr 8th at 13:29

Experts label 10% soft drink tax ‘unfair'

A 10 percent tax would be imposed on carbonated soft drinks under a revised draft of the special consumption tax law released by the Ministry of Finance last...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top