Vietnam Government Orders Halt to Lending to 'Backyard Businesses,' Boosts SME Support
Business

Vietnam Government Orders Halt to Lending to 'Backyard Businesses,' Boosts SME Support

The Vietnamese government has ordered a halt to concentrated lending to affiliated 'backyard businesses,' aiming to improve access to capital for small and medium-sized enterprises. This move is part of broader reforms to stabilize the financial system and sustain economic growth.

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