Prime Minister Nguyen Tan Dung on October 9 issued a decision on the adjustment of lending interest rates for three credit programmes at the Vietnam Bank for Social Policies.
Accordingly, families living near the poverty line can enjoy a rate which is only 20 percent higher than that for poor households, instead of 30 percent as in the old decision.
The interest rates for clean water and environmental sanitation programmes in rural areas and for business households in underprivileged areas are also reduced to 9.6 percent from 10.8 percent annually, equivalent to 0.8 percent per month.
The decision took effect from October 9 and are applied to new loans.-VNA
Accordingly, families living near the poverty line can enjoy a rate which is only 20 percent higher than that for poor households, instead of 30 percent as in the old decision.
The interest rates for clean water and environmental sanitation programmes in rural areas and for business households in underprivileged areas are also reduced to 9.6 percent from 10.8 percent annually, equivalent to 0.8 percent per month.
The decision took effect from October 9 and are applied to new loans.-VNA
