Following the State Bank Governor’s Decision No. 1425/QD-NHNN dated 7 July 2017, BIDV said it would further cut lending rates applicable to short-term loans denominated in Vietnamese dong to meet the need for capital in a number of economic sectors, particularly:

1. Maximum lending rate of 6.5 percent per year applicable to short-term loans denominated in Vietnamese dong of businesses prioritised by the State Bank of Vietnam.

2. Maximum lending rate of 6.0 percent per year is applicable to: (i) five priority areas according to the State Bank’s regulation, satisfying BIDV’s loan conditions including: agriculture and rural development, export goods manufacturing, small and medium enterprises, supporting industry, and hi-tech enterprises; (ii) start-ups, environment companies, and businesses who have had an established credit relationship with BIDV for three years or more and have financial capacity and feasible projects.

3. Maximum lending rate of 5.5 percent per year is applicable to enterprises, individuals, and households affected by the flood in central provinces.

In addition, BIDV also launches preferential credit packages for enterprises, particularly: 30 trillion credit package for enterprise customers with lending rate from 5.0 percent per year; 10 trillion credit package for short-term loans denominated in VND for new customers including SMEs, FDIs, importers, exporters and micro-businesses with lending rates from 5.5 percent per year; and medium and long-term loans for renewable energy, clean energy with lending rates lower than the normal rate by up to 1.0 percent per year.