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BriefsThursday, 06/14/2012, 12:00

Monday, June 11, 2012


Monday, June 11, 2012

NA talks about economic restructuring
Deputies at the third session of the 13th National Assembly continued their working day to debate a comprehensive plan to restructure the national economy.

Credit loans still out of reach for small businesses
Even though banks are now offering credit loans and various support packages at low interest rates of only 14 per cent per year, many small and medium businesses are finding it difficult to access bank loans to save themselves from bankruptcy.

Foreign newspapers: interest rate reduction in VN not a worry
Contrary to all predictions, the move by the State Bank of Vietnam to slash the deposit interest rate further--to 9 percent per annum from June 11 has been a good move in the current circumstances.

Banks urge Gov't to establish State debt trading company
Leaders in the banking industry are calling for the establishment of a debt trading company with the capacity to buy up about VND100 trillion (US$4.8 billion) worth of bad debt, although questions remain about how it would be organised.


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