Second stimulus package with a content that is hotly debated is a program credit interest subsidy announced by the government in regular session last October.
As announced, the second stimulus package solution Government basis for implementation, to continue to maintain the momentum of growth, macroeconomic stability and ensure social security during the last months of 2009 and early 2010. the
second stimulus package including contents the fiscal and monetary. Fiscal, will continue to promote investment and development based on consolidated revenues; deferment of payment of corporate income tax for all economic sectors to the end of quarter I / 2010.
In terms of currency, interest will continue to offset credit for medium and long term loans for investment machinery for economy for the region in general and agriculture in particular with loans disbursed by the end of 2010; offset short-term lending rates in some sectors of the economy to the end of quarter I / 2010 (then customize the actual situation will continue decided to maintain interest subsidy or not).
The level of credit interest subsidy decreased 2% / year compared with 4% / year with most existing objects and objects interest subsidy will selectively and compact bundle in labor-intensive industries and export-oriented.
in addition to the source continue mobilizing capital in 2010 for the second stimulus package, some sources in the first stimulus package has not used up in 2009 (the latest estimates after excluding the regular budget expenditures, total stimulus package worth 122,000 billion VND first was ($ 6.9 billion) and the end of 2009 is expected to perform about 100,000 billion VND (5.7 billion USD). the credit interest rate subsidy package, estimated in 2009 billion VND used up 10,000 billion VND and 8,000 can be used for interest subsidy activities in 2010.
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