Prime Minister says banks can continue stock loans

Prime Minister Nguyen Tan Dung has asked local banks to continue providing stock loans, Finance Minister Vu Van Ninh said Thursday.

Ninh, at end of a regular two-day cabinet meeting, said the government would allow banks to continue granting stock loans up to a total of VND9 trillion (US$563 billion).

If necessary, the government would revise that limit, he said.

Dung asked for comprehensive measures to ensure the stock market develops in a stable manner and investors, particularly small investors, are protected from risk.

Thanhnien

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