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Vietnam owns great microfinance potentials

In Uncategorized on August 27, 2008 at 4:24 pm

Hanoi (VNA) – Vietnam holds huge potentials for microfinance development, said Deputy Prime Minister Nguyen Sinh Hung on August 27.

Hung told his guests who are in Hanoi to attend the Asia Microfinance Forum 2008 that Vietnam will adopt incentives regarding land and policy, as well as other favourable conditions for banks both at home and abroad to operate, particularly in extremely disadvantaged areas.

“Vietnam places top priority on economic growth in harmony with social security, hunger elimination and poverty reduction,” he stressed. “Increasing financial sources is important for Vietnam’s socio-economic development.”

Delegates all spoke highly of Vietnam’s successes in hunger eradication and poverty reduction over the recent past. They believed that the ongoing forum will successfully outline priorities and visions, as well as explore new ideas and opportunities for the microfinance industry.

Around 500 delegates from 50 countries have attended the event, focusing on future challenges and innovations in Asian microfinance.-

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