Vietinbank to lend VND60 trln for exports, agriculture

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Vietnam Bank for Industry & Trade, the nation's second-biggest listed lender by market value, will lend as much as VND60 trillion (US$3.1 billion) at low rates from July 1 to the end of the year to help boost exports and agriculture.

The lender, also known as Vietinbank, plans to lend exporters about VND30 trillion at a rate of 11 percent for dong loans and 4 percent for foreign currency loans, Chairman Pham Huy Hung said in a statement on the central bank's website.

It will lend VND20 trillion to VND30 trillion to the agricultural sector at 12 percent interest, according to the statement.

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