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June, 29, 2016

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Business > Asia > Vietnam
Vietnam said Friday that it was reducing interest rates to the lowest level in more than three years -- the latest in a series of stimulus measures aimed at boosting the ailing economy.
 
Vietnam will further concerted efforts to attract and effectively use foreign direct investment (FDI), pledged Vietnam Prime Minister Nguyen Tan Dung at a national conference held Wednesday in Hanoi.
 
Vietnam's economic growth slowed in the first quarter of the year, the authorities said Wednesday, warning of an "extremely challenging" outlook for the communist country.
 
Vietnam Prime Minister Nguyen Tan Dung yesterday applauded Samsung's decision to expand operations in Vietnam, adding that it would contribute to the strategic partnership between Vietnam and South Korea.
 
Vietnam on Monday announced it was cutting interest rates for the seventh time in little more than a year, after economic growth slowed to the weakest pace in more than a decade in 2012.
 
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