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HANOI, July 10 (Xinhua) -- Vietnam's credit institutions are facing difficulties in slashing annual lending interest rates by 0.25-0.5 percentage points upon the central bank's latest request, local media reported on Monday.
The request, unexpectedly announced at the weekend, aims to provide local businesses in priority sectors with better access to loans, hence boosting economic growth, daily newspaper Tien Phong (Pioneer) quoted Deputy Prime Minister Vuong Dinh Hue as saying.
"Banks can hardly lower lending rate at this time. They will have to suffer considerable benefit losses," a local banker said.
As of late June, total deposits in the Vietnamese credit system rose 5.9 percent year-on-year, much lower than the 7.54 percent of loan growth. The loan growth was the highest level over the past six years, said the country's General Statistics Office.
Bank loans are the most important source of capital for Vietnam's economy. Currently, popular lending interest rates are 6-9 percent per year for short term and 9-11 percent for medium- and long terms, according to the country's Finance Ministry.
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ISLAMABAD — Pakistan has a long history of unearthing raw, talented players and in teenage leg-spinner Shadab Khan, it looks like they may have discovered another star in the making.
The 18-year-old made his international debut in last week's Twenty20 series against the West Indies and could hardly have been more impressive, capturing 10 wickets against the world champions to be named player of the series.
His main attacking weapon is the googly - a delivery that spins from the off side towards leg - baffling batsmen expecting the ball to turn the other way.
"I know my googlies are getting famous, but that's not the only one," Shadab told Associated Press from Guyana on Monday. "I really work hard on leg-spin and flippers too and will try to be the best in all three varieties."
Shadab caught the eye of the senior national selectors when he played in the Pakistan Super League for defending champions Islamabad United — led by test captain Misbah-ul-Haq.
His took nine wickets in eight matches and was rewarded for his efforts by being fast-tracked into the Pakistan limited-over. Cheap Jerseys From China Cheap Jerseys China Cheap Jerseys Wholesale Cheap Jerseys From China Cheap Jerseys Cheap China Jerseys Cheap NBA Jerseys Cheap College Jerseys China Cheap Adidas NHL Jerseys Cheap Football Jerseys