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Vietnam PM calls on banks to be more flexible when issuing loans

A quote has appeared on a government website attributed to Vietnam’s Prime Minister that reads “We do not lower lending standards, but can we be more flexible?” according to Bloomberg. This is in line with an approach from the government heavily weighted toward encouraging banks to lend more rather than businesses to borrow more–broader economic uncertainty has seen many businesses take a cautious approach to borrowing, but has also led to many businesses being unable to prove they can repay new loans.

 

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