Guaranteed assets

Governor of the State Bank of Vietnam Nguyen Thi Hong said that special lending at a special interest rate of 0%, without collateral when the bank is subject to mass withdrawals. Photo: Pham Dong

Not everyone is eligible for special loans, interest rates of 0%, no guaranteed assets

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Governor Nguyen Thi Hong affirmed that the special loan with an interest rate of 0%, without collateral, is only applicable in special and urgent cases.

Delegate Pham Van Hoa (Dong Thap Delegation) proposed to strictly handle cases of lending exceeding the value of collateral. Photo: Quochoi.vn

Assets secured by 1 billion but banks lend up to 1.5 billion VND

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On the morning of May 29, the National Assembly discussed in the hall the draft Law amending and supplementing a number of articles of the Law on Credit Institutions (CIs).