The State Bank of Viet Nam on Wednesday ordered 14 commercial banks to help rice trading companies buy 1 million tonnes of rice from the summer-autumn crop for reserves.
The banks were told to lend the money at 10 per cent rate a year.
The central bank said the Government will subsidise the interest rates on the loans for three months from June 15-September 15.
Nhan Dan (The People)
Gender imbalance at birth remains an issue
Sex ratio at birth is still increasingly skewed in favour of males, according to the General Department for Population and Family Planning.
Department head Duong Quoc Trong told a conference held in Ha Noi on Wednesday that the sex ratio at birth was 112.3 males per 100 females last year and the imbalance has continued to increase since.
The figure was even higher in some localities like Hai Duong (121.4:100) and Hung Yen (119.6:100).
Nguoi Lao Dong (The Labourer)
Auto sales increase 42 per cent in May
The Viet Nam Automobile Manufacturers' Association (VAMA) said 9,731 cars were sold last month, an increase of 42 per cent compared to the same period last year.
Of these, locally assembled automobiles amounted to 7,478, up 1 per cent from April. Sales of imported automobiles increased by 61 per cent.
The cut in registration fees from 15-20 per cent to 10-15 per cent had encouraged buyers, the association said.
Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times)
Cho Ray-Phnom Penh hospital set for launch
The first phase of the Cho Ray-Phnom Penh Hospital will begin operations by the end of this month in the Cambodian capital.
HCM City-based Sai Gon Medical Investment JSC and Sokimex Co of Cambodia began construction of the US$42 million hospital in May 2010. It will have 500 beds, of which 200 will become operational in the first phase.
The Cho Ray Hospital in HCM City will provide the new hospital with professional and human resources support.
Thanh Nien (Young People)