Vietnam's Finance Ministry recently decided to slash the annual interest rate of credits used for export activities to 8.7 percent from 9 percent, according to local newspaper Saigon Liberation on Tuesday.
The new interest rate of 8.7 percent is applied to credits in Vietnamese dong, and that of 6.9 percent in foreign currencies.
Vietnam gained export turnovers of more than 31.2 billion U.S. dollars in the first eight months of this year, a year-on-year rise of 19.3 percent, according to the country's General Statistics Office.
Vietnam posted export turnovers of 39.6 billion dollars in 2006, up 22.1 percent against 2005.
Source: Xinhua
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