Banks ordered to ensure US dollar supply to petroleum importers
15-MAY-2008 Intellasia | Lao Dong
May 15, 2008 - 6:59:00 AM
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State Bank of Vietnam on May 12 released Document No 4228/NHNN-TD requiring commercial banks that are licensed to operate in fields of foreign currency to ensure capital supply to large petroleum traders to reach the petroleum imports in 2008 set by Ministry of Industry of Trade.
Under it, banks must consider lending or opening of Letter of Credit for large sized petroleum importers according to current laws based on possibility business plans.
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