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The State Bank of Vietnam (SBV) net injected VND15.574 billion through open market operation (OMO) last month, the local newswire Gafin.vn reported, citing a recent report by Vietcombank Securities Co. (VCBS).

Banks dare not to lend and enterprises can not meet borrowing requirements because of not only the fear of unsolved bad debts in the past but also the bad debts to be formed in the future. To temporarily remove that obsession, it should have solutions to guarantee loans for businesses in three years, helping businesses that are “weak” due to lack of capital to stand up.

The State Treasury will issue VND1.5 trillion worth of 15-year government bonds on June 30 through an underwriter, the first issuance of this type of bond since 2006.

Local developers can only borrow at most VND9 trillion worth of preferential loans from the recently-effective VND30 trillion real estate bailout or 30% of the total to create supply for the market, the local newswire Gafin.vn reported.

Deputy Prime Minister Hoang Trung Hai has asked the State Bank to consider increasing credit quota to farming households, and work with the Ministry of Agriculture and Rural Development to improve farmers’ access to capital.
The national asset management company (VAMC) is scheduled to come into life soon and according to some banking experts, the company may have a very high degree of financial leverage (DFL), the local online newspaper Dau Tu (‘Investment News’) said.
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Updated at 17:22, 19/06/2013
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Updated at 17:22, 19/06/2013
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