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Economy

Vietnam central bank to cut rates Tuesday to prop up virus-hit economy

Refinance rate to be 5% from the current 6%

A Vietnamese flag flies atop the State Bank building in central Hanoi, Vietnam.    © Reuters

HANOI (Reuters) -- The State Bank of Vietnam will cut its policy rates from Tuesday to prop up the economy, which has been hit by the coronavirus pandemic.

The virus, which has killed more than 6,500 people worldwide, has left firms in Vietnam's manufacturing industry suffering shortages due to supply chain disruptions.

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