PM Dung presents Government’s report at National Assembly

Prime Minister Nguyen Tan Dung presented the Government’s report on the socio-economic situation in 2013, results of the first three-year implementation of the five-year plan 2011-2015 and the tasks for 2014-2015, on the first day of the 6 th session of the 13 th National Assembly, which opened in Hanoi on October 21.

Banking growth target ‘reachable’

The 12 percent credit growth target set for commercial banks this year is within reach, according to a central bank official.

Nguyen Thi Hong, director of the State Bank of Vietnam ’s Department of Monetary Policies, said at a recent press briefing that by late July, the banking sector had achieved a credit growth of 5.3 percent over late 2012 figure.


Financial committee urges rate cut

The National Financial Supervisory Committee has suggested a further cut in the deposit interest-rate cap to 7 percent to bring down lending rates to around 10 percent.

Support for businesses ‘to be distributed fairly'

Minister of Finance Vuong Dinh Hue assured the public that the Government's 29 trillion VND (1.38 billion USD) business support package will make it into the hands of the people who need it most via a transparent process.