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Economy

Vietnam central bank to cut policy rates Wednesday to boost growth

Second reductions in less than two months 'to overcome difficulties' of COVID-19

The central bank is pitching in to help Vietnam try to keep its economic growth above 5% this year.   © Reuters

HANOI (Reuters) -- The State Bank of Vietnam announced a reduction in its policy rates, making a second cut in less than two months to help the economy weather the impact of the coronavirus pandemic.

With just 288 infections and no deaths, the Southeast Asian nation has seen no community infections for nearly a month, putting it on course to resume economic activity sooner than most others in the region.

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