BIDV to cut annual lending interest rate by 0.5%

The preferential rate will be applied to customers operating in export, support industry, hi-tech industry and hi-tech agriculture.At the same time, the bank will continue running large-scale loan packages with preferential interest rates that are lower than the normal rate by 1%-1.5% per year for customers in the Government’s priority list. They include  VND10 trillion package for small and medium-sized enterprises, VND20 trillion for large firms, and VND3 trillion for micro enterprises and startups.Earlier, Agribank, Vietcombank and Vietinbank also announced their plans to cut interest rates for loans in five prioritised sectors to assist people and businesses in accessing capital, thus boosting economic growth.


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