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Vietnam Plans to Extend Subsidized-Lending Effort

Wall Street Journal Original article ›

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A subsidized lending program which takes off 4 percentage points off interest rates on loans that enterprises take from lenders will be extended to end of 2011. Since its introduction as part of stimulus measures, domestic banks have loaned $22.9 billion. Growth is targeted at 6.8% for the fourth quarter. to give an average of 5% for 2009.

Vietnam Stimulus efforts 2009.

01/22/2009

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