About VND236.82 trillion (US$13.38 billion) has been pumped into the economy at the Government-subsidized interest rate of 4 percent, said the State Bank of Vietnam (SBV).
State-owned banks and central credit funds have lent VND175.93 trillion (US$9.94 billion) since the rate was introduced early last month.
The programme is likely to inject another VND183.18 trillion (US$10.34 billion) into the economy this year.
The State Bank’s governor, Nguyen Van Giau, said that the programme was intended to lower the price of goods, maintain production and create jobs.
Last week, the Government told the Vietnam Development Bank to guarantee loans to small- and medium-sized enterprises (SMEs).
The banks are reported to be trying to absorb more and more mid and long-term capital to prepare for the second phase of subsidized loans, which was approved earlier this month.
Đăng ẩn
Tắt
Add new comment