Vietnam Govt Plans Low-interest Loans to Spur Economic Growth

Vietnam Govt Plans Low-interest Loans to Spur Economic Growth 23/07/2009 08:50:00 226

Font-size:A- A+
Contrast:Increase Decrease

Prime Minister Nguyen Tan Dung has just announced that the government of Vietnam plans to offer low-interest loans for small businesses in rural areas to stimulate economic growth.

 

Under the prime minister’s decision, beginning Sept 5, small companies will receive short-, medium- and long-term loans ranging from VND30 million to VND500 million (US$1,600-US$29,411).

 

Currently, Vietnam has 1.85 million non-farm businesses that are located in rural areas, a survey by the government’s General Statistics Office shows.

 

The total retail goods and services revenue in rural Vietnam is estimated at VND280 trillion a year on average, the agency noted.

 

(VNA)