The second stimulus package with a lively discussion content was the clearing of credit interest rates was announced in the Government's regular session in October. As announced, the second stimulus package is the fundamental solution to the Government implementing the orientation continue to maintain the momentum of growth, macro stability and ensure social security in the last months of 2009 and early 2010.The second stimulus package includes the basic content of the monetary and fiscal. About your key, will continue to promote investment in development based on the consolidation of revenues; relaxing tax DN for the economic component to the end of the first quarter of 2010. About currency, will continue to offset the credit interest rate for medium and long-term loans serve machinery investment for the economy in General and for rural areas in particular with loans disbursed through the end of 2010; offset short-term lending rate in a number of areas in the economy through the end of the first quarter of 2010 (then customize the actual situation will continue to decide to maintain the offset interest rate or not). The level of compensation of credit interest rates dropped to 2% per year compared to the current level of 4% per year, with most of the objects and subjects of interest will compensate and neat bundles in the industry use more labor and towards exports.In addition to the continuing capital mobilization in 2010 for the second stimulus package, some sources of capital in the first stimulus package hasn't yet expended in the year 2009 (latest estimates after excluding regular budget expenditures, the total value of the first stimulus package is 122,000 billion VND (6.9 billion dollars) in 2009 and is expected to be made about 100,000 billion VND (5.7 billion dollars). With the clearing of credit interest rates, estimated in 2009 handled 10,000 billion VND and 8,000 billion VND can use for clearing interest rate in 2010.
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