VIETNAM: subidised loans for the fisheries industry

The Vietnam News Agency reported recently that the State Bank of Viet Nam has included fisheries as an one of the nine industry sectors eligible for the 4 per cent subsidised interest rate for middle-to-long-term dong loans as part of the Government’s second stimulus package yesterday.

The subsidy, which applied from last Sunday, will enjoy a maximum duration of two years from disbursement of loans approved immediately before and after April 1, 2009.

The subsidised interest is be available from April 1, 2009 to December 31, 2011.
Eligible organisations and individuals must use the money to invest in production and infrastructure development.
Here is the link to the press release:


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