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December 25, 2008
Vietnam inflation climbs to almost 20% in2008

December 20, 2008
Vietnam Interest Rate Cuts:
Central bank to further loosen monetary policy
 

December 12, 2008
Vietnam revises down 2009 import forecast

December 6, 2008
IMF: Vietnam’s growth to slow to 5 percent

December 4, 2008
Vietnam to spend $1bn to spur investment, consumption

December 3, 2008
Vietnam to cut rates to boost economy

December 2, 2008
Vietnam to help businesses through tax cuts

November 26, 2008
Vietnam inflation remains among the highest

November 22, 2008
Vietnam sees 2008 inflation at 22%

November 17, 2008
Vietnam faces dual challenges to boost growth

November 13, 2008
Vietnam to keep lowering rates to boost growth

November 6, 2008
Vietnam trims 2009 growth forecast to 6.5%

November 4, 2008
Vietnam cuts key rates to boost growth

October 26, 2008
Vietnam: Inflation eases in October month-on-month

October 6, 2008
Vietnam: Economy back on track, face new worries

September 30, 2008
Vietnam sees GDP growing 6% in Jan-Sept

September 27, 2008
Vietnam aims for single-digit inflation by Q3 2009

September 22, 2008
Vietnam inflation seen slowing on lower food, fuel prices  

 

 


December 26, 2008

Vietnamese govt unveils details of economic stimulus plan
Vietnamese government on Wednesday announced some details of the recently-announced $6- billion economic stimulus plan, including measures to help small and medium-sized companies and create employment, local newspaper The Youth reported on Thursday.

The plan would provide fund for interest rate subsidies for small and medium businesses, said Vu Hong Phuc, Minister of Planning and Investment, at a press conference held in Ho Chi MinhCity.

The subsidy would represent a four percent discount on the current commercial bank loan interest rates, he said.

The stimulus package will include funding for unemployment reduction programs and support for housing development.

The fund will also be directed to tax exemptions and credit guarantees for offshore loans.

The ministry said previously that the money would be used for some state investment, especially in infrastructure sector, to boost economic growth.

Phuc said $1.2 billion of the package would be raised by the sale of government bonds. He did not specify what other resources the rest would come from.

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