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 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
January 2017

January 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