Vietnam weighs extending short-term forex loans to end-2017
15-11-2016 09:22:07+07:00
Vietnam weighs extending short-term forex loans to end-2017
Vietnam's central bank is considering allowing commercial banks to extend short-term loans in foreign currencies for another year, until the end of 2017.
Such extensions could be permitted to help production and exports, a key driver of Vietnam's economy, the State Bank of Vietnam said on Friday in a draft proposal published on its website, and on which it is seeking industry opinions.
In May the central bank allowed banks to resume short-term forex loans until the end of 2016 to help businesses cope with this year's adverse weather impacts and speed growth, which is estimated to be under target.
