Disbursement of $1.34bn housing package extended

by PV01 April 2016 Last updated at 17:29 PM

VTV.vn - Prime Minister Nguyen Tan Dung requested the State Bank of Vietnam extend the disbursement of the 1.34 billion USD loan package for low-income housing at the regular March cabinet meeting.

The package will continue until disbursement is complete, instead of ending on June 1st as stated in Circular 11/2003. People who have signed loan contracts before March 31st will continue to enjoy the 5% interest rate. The government also requested the State Bank to issue more flexible in its monetary policies to control inflation and stabilise the economy.

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