Loan level for students lifted

The Prime Minister decided to lift the loan for a student to VND1.5 million a month. 

 

A student can borrow a loan of VND1.5 million a month as per new circular (Photo: SGGP)

A student can borrow a loan of VND1.5 million a month as per new circular (Photo: SGGP)

The Vietnam Bank for Social Policies said that from June 15, 2017, the maximum loan for a student will be VND1.5 million a month as per the circular 751.
The rate increased by VND250,000 a student  for a month compared to the old level taking effect on January 9, 2016.

The PM asked the Ministry of Investment and Planning to balance and pour capital to the bank as per the law. The bank is responsible for providing loan and recovering the debts.



By KHANH HA – Translated by UYEN PHUONG

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