Vietnam Looks to Promote Growth

http://www.bloomberg.com/news/2014-03-17/vietnam-to-cut-refinance-rate-to-6-5-from-7-to-support-growth.html

In order to reinvigorate Vietnam's economy, the Vietnamese government is implementing a series of fiscal changes. Specifically, the Vietnamese government is aiming to reduce the discount rate by 0.5%, reduce the repurchase rate by 0.5% and the refinancing rate by 0.5%. These changes will hopefully allow banks to offer lower lending rates in order to raise the rate of investment.