Home / Knowledge / News / Apparel/Garments / VIB offers soft financing to Vietnam garment firms
VIB offers soft financing to Vietnam garment firms
26
May '16
The Vietnam International Bank (VIB) is offering preferential loans and 20 per cent discount in trade financing costs for textile and garment enterprises operating in Vietnam till December 31, 2016.

VIB has implemented this programme from mid-May this year in response to calls given by prime minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) for reduction in rate of interest for businesses, VIB said in a statement.

VIB has developed three preferential credit packages that total more than $178 million (VND 4 trillion). Of this, the bank has set aside around $134 million (VND 3 trillion) for enterprises engaged in manufacturing, importing and exporting of apparel, as per a document submitted to SBV.

Each enterprise availing loan under the VIB scheme will also receive gift valued up to $3,100 (VND 70 million), the bank said. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 24th Mar 2017

UK online retail sales up 15% in February 2017

Online retail sales in UK have grown by 15 per cent year-on-year in...

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search