VND120-trillion package for social housing sees few takers
HCMC – Though things are ready for the rollout of a soft loan package worth VND120 trillion, disbursement has been far slower than expected as there are almost no takers, said banks. They were speaking at a recent conference on bank credit and the implementation of Circular 02/2023. Phung Thi
Ministry wants borrowing conditions eased for soft loan package
HCMC – The Ministry of Planning and Investment has asked the central bank to ease borrowing conditions, streamline paperwork and help businesses cut borrowing costs by revising relevant regulations. The proposal was made during a government meeting held on February 21 to find ways to remove
Tough screening procedures hinder soft-loan rollout
HCMC – Tough inspection and screening procedures have hindered the rollout of a financial aid package with an interest rate discount of two percentage points, the Ministry of Finance said. According to commercial banks, the package amounted to VND850,000 billion in 2022, targeting 750,000