Vietnam Banks Make Govt-support Loans of VND414.46T as of Nov 12
Banks and financial companies in Vietnam had boosted soft loans for its economy to VND414.46 trillion ($23.19 billion) as of Nov. 12, the State Bank of Vietnam, the country’s central bank.
In the week ending on Nov. 12, the subsidized loans were VND4.116 trillion less than a week earlier, the first time since the government started the subsidizing lending program in early Feb.
The central bank late last week issued a document to ban banks to lend to realty and stock traders based on negotiable lending rates. (SBV)
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