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Businesses complain at tightened foreign currency lending

by H.N10 April 2016 Last updated at 15:54 PM

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VTV.vn - The recently issued rules on foreign currency loans are expected to stabilise exchange rates and strengthen the dong. However, businesses are concerned about the negative effects the new regulations can bring.

In reality, companies which often take loans in foreign currencies are exporters that have great demand for capital. The new rules can increase costs for companies from 6-9% per year and also affect Vietnam’s exports. More incentives will be needed in the future to ensure that the regulations have the desired effects.

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