Vietnamese PM orders intensified efforts to cut lending rates
Vietnamese PM Pham Minh Chinh has ordered intensified efforts to cut lending rates to back businesses and spur economic growth. The central bank has been asked to supervise interest rate movements; take steps to lower lending rates; ensure businesses and individuals can access affordable credit to drive production; stabilise the economy; control inflation; and submit its findings by February 28.
Vietnamese PM Pham Minh Chinh has ordered intensified efforts to cut lending rates to back businesses and spur economic growth.
The central bank has been asked to supervise interest rate movements; take steps to lower lending rates; ensure businesses and individuals can access affordable credit to drive production; stabilise the economy; control inflation; and submit its findings by February 28.
