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Tan Duc IP: Dialogue between banks and businesses

On the afternoon of June 19, 2013, the dialogue on interest incentives between banks and businesses was held at the Tan Duc Restaurant auditorium in Tan Duc Industrial Park.

The workshop had the attendance of representatives of HDBank and VietinBank, Vietnamese business owners and Mr. Nguyen Tuan Minh, Vice President of Tan Duc Investment Corporation. The goal of the workshop is to connect banks with businesses and to help businesses to receive banks’ incentive policies

The banks have pledged to provide short-term, medium-term and long-term loans to businesses with preferential fees of guarantee, domestic money transfer, account opening. Specifically, the banks will provide short-term loans to supplement working capital in domestic production and export fields at the interest rate from 8.5% -10% depending on the type of businesses.

Regarding medium-term and long-term interest rate, the JIBIC and JICA will provide small and medium-size businesses in the fields of equipment procurement, factory construction and purchase, ancillary works relating to business production incentive loans at preferential interest rates in accordance with the Project Management Board. E.Banking, SMS Banking, cash management, automatic payroll services will be free of charge for the first year and will be charged for the subsequent years according to the agreement between banks and businesses. Preferential guarantee fee will be charged from 0.72% to 1.7% per year. The domestic payment fee will be reduced to 60% of the current level.

Mr. Nguyen Tuan Minh, Vice President of Tan Duc, affirmed the Company would always work side by side with businesses in Tan Duc Industrial Park, sharing difficulties with businesses and addressing workers housing and training issues. All staff and employees of Tan Duc are committed and dedicated to customer with enthusiasm and the highest responsibility with the motto: Investors’ successes are Tan Duc Corp’s development.