Vietnam cuts reserve ratios for some banks
HANOI: Vietnam's central bank said on Thursday it was cutting the reserve ratios of four banks that have a large ratio of loans in agriculture.
The country's top lender Agribank, Vietnam International Bank (VIB), Kien Long Bank and Mekong Housing Bank would have reserve ratios that are one-fifth of the level applied to other banks. It did not specify the ratios. -PB News