According to the decision, the government will provide a 4 percent interest subsidy on loans with annual interest rates of more than 4 percent and subsidize all interest on loans that have lower interest rates.

Dung has asked local governments to work with the bank’s local branches to provide the interest-subsidized loans for needy people and ensure that they are used for the purposes stated in the loan agreements.

The decision took effect on Wednesday.

Source: Government website