Vietnam Banks Boost Govt-support Loans to VND392.609T since Early Feb-SBV
Banks and local financial companies have made soft loans of VND392.609 trillion (US$22.041 billion) since the government launched the subsidized lending program in early February, the State Bank of Vietnam said.
In the week ending Aug 7, banks added VND3.502 trillion (US$196.609 million) to the economy, up 0.9 per cent from a week earlier, the SBV noted.
Over the past week on the domestic inter-bank market, lending costs denominated in Vietnamese Dong were down except for 6-month loans which rose to 1.21 per cent per annum from a week earlier.
Also in the week, foreign exchange transactions by local banks on the inter-bank market totaled US$2 billion, the state-run Labor newspaper said Monday. (SBV, Labor)
Vietnamese
