Vietnam SBV to Extend 4% Rate Subsidy for Medium, Long Loans Till end-2011
The State Bank of Vietnam, the country’s central bank, has confirmed that it will extend a 4% interest rate subsidy for medium and long-term loans by two year to the end of 2011.
The medium and long-term loans, which are disbursed between April 1, 2009 and December 31, 2009, are subject to the central bank’s circular, according to an official of the SBV.
The official also said misunderstanding by several local mass media on the regulation must have caused impacts on the financial market, particularly the stock market. (Young People)
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