Tag Archive | "vietnam-small"

Banks ease interest rates to attract more borrowers

Tags: , , , , , , , , , ,


A lot of commercial banks have launched new lending programs, offering to lend with preferential interest rates to expand their credit. An Binh Bank announced its preferential loan program applied to enterprises of Top VNR 500 (the top 500 enterprises with the biggest annual revenue), under which each can borrow up to 500 billion dong.

Visit link:
Banks ease interest rates to attract more borrowers

Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making