25/02/2023, 02:38
Conditions for the 120 trillion VND credit package's effectiveness
Incorrect credit package expectations could have unexpected spillover effects.
Incorrect credit package expectations could have unexpected spillover effects.
A clear mechanism is essential to ensuring a preferential credit package will benefit pandemic-hit firms and contribute to economic recovery.
Loans of pandemic-hit enterprises will enjoy an interest rate cut of 2 per cent under a government support package to remove difficulties for the businesses.
Many economic experts said that with the current credit scale of over VND10 quadrillion if banks reduce the lending interest rate by 0.5 percent per annum, enterprises...