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NewsCentral Bank Governor Pledges To Cut Rates To Boost Business

Central Bank Governor Pledges To Cut Rates To Boost Business

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The governor made the pledge during a meeting on February 26 with the Association of Young Vietnamese Entrepreneurs, adding that the SBV would implement a range of credit policies to remove obstacles to business activities.

Binh hailed young business people for their pioneering role in economic development and their efforts to overcome difficulties to enhance competitiveness and expand markets.

The governor said that the private sector played an increasingly important role and urged them to continue innovating so that the Vietnamese economy would not lag behind.

He added that with feasible business plans, enterprises will get easier access to bank loans.

President of the Association of Vietnamese Young Entrepreneurs Bui Van Quan said he was impressed with the central bank's monetary policy which helped stabilise the economy and create a favourable environment for business activities.

Source: Nhan Dan

Key words: Vietnam, Central Bank, interest rate, business, support

 

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