The Asia Commercial Bank ( ACB) in Vietnam has been chosen to carry out the Danish International Development Agency (Danida)’s mixed credit programme targeting small and medium-sized enterprises.
Danida loans are specifically designed for business plans involved in farm produce and seafood processing and production expansion. The loans are worth up to 2.7 million USD and have to be paid back in 10 years.
Last year, the Asia Commercial Bank was a prize for excellent retail financial service by The Asian Banker and crowned the Best Bank in Viet Nam by Euromoney magazine.
