According to State Bank, Phu Yen branch, the total outstanding loans of commercial banks has, so far, reached VND 8,433 billion, increasing 8.2% against earlier this year, which accounts for nearly 73% of the total provincial loans.
Currently, commercial banks in Phu Yen province have applied the annual interest rates for short term loans in Vietnamese currency for 5 sectors of prioritized fields at 8%; for normally producing and trading with short-term annual interest rate of from 8% to 10%, with the medium and long term of from 10% to 13%. The lowest annual interest rates for short term loans in Vietnamese currency in the area is 7%; in USD at the annual interest rates of lower than 6%, the lowest rate for loans by USD of 4%.
Until now, in order to solve and share problems with businesses and households in Phu Yen province, commercial banks in the province have restructured debts for 2,424 clients with the total debts of capital at VND 522 billion and interest at VND 130 billion; in particular, debt restructuring for 1,268 households in the field of animal husbandry and fishery with the total original debts of over VND 61.5 billion.
Source: Phu Yen Newspaper
Translated by TRINH THUY
Đăng ký: VietNam News
