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Lending rate down to 6% to support rice trading enterprises

by VTV406 March 2019 Last updated at 07:37 AM

VTV.vn - The Governor of the State Bank of Vietnam required commercial banks with state capital to actively reduce lending rates to 6%/ year to help businesses buy rice.

Commercial banks must strengthen medium and long-term loans to support enterprises to expand their storage areas. Banks are also required to simplify the loan process and procedures, shorten the loan approval time, diversify types of credit products, and provide flexible loan terms to suit the business cycle of rice production and trading enterprises.

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