Workers in eight provinces and cities get loans at preferential rates

Nov 17th at 08:09
17-11-2022 08:09:41+07:00

Workers in eight provinces and cities get loans at preferential rates

After signing an agreement with the Vietnam General Confederation of Labour to provide a VND10 trillion (US$403.1 million) loan package to workers at industrial parks around the country, HDBank subsidiary HD SAISON Finance Company Limited has quickly deployed the funds to provide support to workers.

 

So far workers in eight provinces and cities, including Dong Nai, Nghe An, Binh Duong, Long An, Da Nang, and HCM City have accessed the preferential loan package at half the market interest rate.

HDBank and HD Saison are rushing to deploy the programme in other provinces and cities.

The programme is being implemented according to the orientation of the State Bank of Vietnam and is expected to help workers access formal consumer finance to improve their living standards and avoid loan sharks.

This is the first time a large preferential consumer loan package has been dedicated to workers.

HDBank will accompany HD Saison, which owns the largest service network in the market with more than 24,000 transaction points in 63 provinces and cities, to implement the programme, helping workers and employees even in remote areas find it easy to access this preferential loan package.

In addition, the HD SAISON app, integrated with the most modern technology available today, helps customers access loans conveniently.

Workers can apply for loans at https://www.hdsaison.com.vn/vn/dich-vu/dang-ky-vay.html. 

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Banks face challenges in improving credit quality

Though banks gained profits of trillions of Vietnamese dong in Q3 2022, credit quality has remained a concern of the banking industry, especially when Circular No...

Visa, Google and banks launch Google Wallet today

With digital payments becoming the go-to choice for a seamless experience, Google Wallet is now available in Vietnam.

SMBC scoops up SmartNet shares for over $9 million

Sumitomo Mitsui Banking Corporation has inked a deal to form a capital alliance with Smart Net Trading Service JSC with the purchase of shares valued at $9.36...

SBV adjustments calm liquidity of currency

While the problem of the VND’s liquidity has been stabilised, the economy is still facing challenges regarding macro-stability and exchange and interest rate...

HDBank opens 3rd branch in Bac Lieu Province

The HCM City Development Joint Stock Commercial Bank opened a new branch in the Mekong Delta province of Bac Lieu Province on November 11, its 334th transaction...

Investors’ interests always protected: finance minister

Minister of Finance Ho Duc Phoc said, "With the growth of the economy, our financial market is still good" and that “investors' interests are always safeguarded.”

Bank moves to ease energy firms’ problems

The State Bank of Vietnam (SBV) has taken action to ease difficulties for major petroleum businesses based on the recommendations of the Ministry of Industry and...

US removes Vietnam from monetary manipulation monitoring list

Vietnam has been removed from the US's monetary manipulation monitoring list, according to the State Bank of Vietnam (SBV).

ADB, VPB signed US$500 million social loan package

 ADB and VPB have signed a loan package of up to US$500 million to expand access to finance for women-owned small and medium-sized enterprises (WSMEs) and social...

Credit surges 11.5 per cent by end-October

Credit of the banking system by the end of October this year rose by 11.5 per cent compared to the end of 2021, Bao Viet Securities Company (BVSC) said, citing data...

Bank stocks

Insurance stocks


MOST READ


Back To Top