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Banks lend foreign currency to import oil and gas
In 2nd, May, 2012, State Bank had an announcement for the credit organizations and the foreign bank affiliates about foreign currency lending to import oil and gas.
According to this, under the regulation of the 1st term, 2nd clause of the circular number 03/2012/TT-NHNN in 8th, March, 2012, the exporters who do not have the foreign currency earning from business performance will be lent from foreign bank affiliates in the short term. That is the decision of Commerce and Industry Ministry.
This activity will be implemented till the end of 31th, December, 2012.
Besides, the credit organizations and foreign bank affiliates should consider the ability of each business to pay loan.
Who wants to lend will register to State Bank.
Translated by: maxib2b.com
- Banks lend foreign currency to import oil and gas
Source: InfoTv
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