Foreign banks asked to clarify credit plans

The State Bank of Vietnam on July 23 issued a document to request foreign credit institutions and banks in Vietnam to send reports on their credit products and programmes to the central bank before August 2.

The move is part of Resolution No13 NQ/CP, issued by the Government on May 10, this year. The resolution is aimed at finding solutions for struggling enterprises while supporting the market.

Credit products and programmes undertaken from now to the end of this year will help deal with the obstacles facing businesses.

The reports must provide comprehensive details of products and campaigns; their duration; applied subjects; participation conditions; total outstanding loans for the programmes; and interest rates.

Source VIR/VNA