Foreign currency loans valid starting next month

by VTV429 May 2016 Last updated at 15:59 PM

VTV.vn - The State Bank of Vietnam has just issued amended Circular 07 with new provisions regarding loans in foreign currencies.

Credit institutions and foreign bank branches with a foreign exchange activity license can provide short-term loans in foreign currencies for production and export, in line with specific requirements. The new regulation takes effect from June 1st to December 31st. This aims to help enterprises grow, as businesses are dealing with certain socio-economic difficulties, according to the State Bank of Vietnam.

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