SMIDB to borrow US$30million from Viet Nam Bank

July 21

16:06 2016

Print This Article Share it With Friends

SMALL and Medium Industrial Development Bank (SMIDB) will take US$30million loans from a bank based in Viet Nam so that they can provide loan to those who are engaged in small and medium sized enterprises (SME), it is learnt from SMIDB.

The interest rate of the loan borrowed from Viet Nam Bank is 3 to 4 per cent par annum, and SMIDB will lend this loan to the SME entrepreneurs, said Daw San San Yee, a member of the board of directors of SMIDB.

Ref: GNLM, 21 July 2016