Vietnamese banks pour over 20 bln USD loans into economy

• Source: Xinhua
• [14:51 June 29 2009]
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Over 357.06 trillion Vietnamese dong (20.07 billion US dollars) has been injected into economy at the government's subsidized loan program of 4 percent interest rate to stimulate the country's economy, according to a report of the State Bank of Vietnam on Monday.

Of the amount disbursed by groups of credit institutions in Vietnam, the state-owned commercial banks and the Central People's Credit Fund have disbursed the biggest amount of subsidized loans worth 254.56 trillion Vietnamese dong (14.31 billion US dollars).

Joint-stock commercial banks had made 82.5 trillion Vietnamese dong (4.64 billion US dollars) worth of loans under the program, while branches of foreign banks, wholly-owned foreign banks and joint-venture banks have loaned another 17.25 trillion Vietnamese dong (969.97 million US dollars).  

Finance companies have made the remaining 2.74 trillion Vietnamese dong (154.07 million US dollars).