Vietnam Bank to Raise $526M for Student Loans

Vietnam Bank for Social Policies will raise VND10 trillion ($526 million) to lend students in 2010 and 2011, the Vietnam News Agency said Feb 22.
Of the total figure, the lender will raise between VND4 trillion and 5 trillion worth of government-backed bonds this year and the remainder in 2011. In 2010, each student will be allowed to borrow up to VND860,000 per month. To date, around 1.7 million students had taken loans from the program.