About 236.82 trillion Vietnamese dong (13.38 billion U.S. dollars) has been injected into the Vietnamese economy at the government subsidized loan program of 4 percent, according to a report of the State Bank of Vietnam (SBV) on Tuesday.
The State-owned and central credit funds had loaned 175.93 trillion Vietnamese dong (9.94 billion U.S. dollars) since the program was launched early March, said the SBV.
Joint stock banks had provided 50.31 trillion Vietnamese dong (2.84 billion U.S. dollars), foreign and joint-venture banks of 10. 09 trillion Vietnamese dong (570 million U.S. dollars), and finance companies of the remaining 474 billion Vietnamese dong (26. 78 million U.S. dollars).
The program is likely to inject another 183.18 trillion Vietnamese dong (10.34 billion U.S. dollars) into the economy this year.
The program was intended to lower the price of goods, maintain production and create jobs, said The State Bank governor Nguyen Van Giau cited by the Vietnam News as saying.