Vietnamplus

A flag-raising ceremony was held at the Embassy of Indonesia in Hanoi on August 17 to celebrate the 75th Independence Day of Indonesia.

The Quang Ninh Obstetrics and Paediatrics Hospital in Quang Ninh province became the first hospital in Northern Vietnam to be recognised as a Centre of Excellence for Breastfeeding at a ceremony on July 28.

Big heaps of waste that have appeared beside roads in Hanoi’s inner city districts for the last three days are expected to be cleared up by Friday, as people living around the Nam Son landfill agreed to stop blocking the way to the city’s biggest dump.

The National Assembly began discussing the supplementary assessment of the implementation of the National Assembly’s resolution on the socio-economic development plan and State budget performance in 2019 and early 2020 on June 13.

Financial firms extended loan dues for more than 223,000 borrowers whose outstanding loans stood at 151 trillion VND (6.49 billion USD) by May 25, according to the State Bank of Vietnam.

Commercial banks cut interest rates on 980 trillion VND (42.6 billion USD) worth of loans to support 318,000 COVID-19 affected individual and corporate borrowers by the end of April, the latest data from the State Bank of Vietnam (SBV) showed.

Governor of the State Bank of Vietnam (SBV) Le Minh Hung has called on commercial banks to urgently simplify lending procedures to help COVID-19-affected firms easily access preferential interest rate loans.

Low demand for capital due to COVID-19 has caused bank credit in the first half of April to drop 0.5 percent compared with the end of March, according to the State Bank of Vietnam (SBV).

Despite being slow, credit growth of the banking system in March recovered compared with the first two months of this year.

The COVID-19 pandemic is developing complicatedly and badly affecting the global economy, including Vietnam, causing adverse impacts on production and business activities as well as people’s lives.

Doctors and nurses at Hospital No. 2 in the northern province of Quang Ninh are taking care of COVID-19 patients and more than 50 people who are kept in quarantine at the hospital.

The banking sector will ensure adequate capital to keep the economy going, according to an official from the State Bank of Vietnam (SBV), amid the novel coronavirus disease (COVID-19) which is taking heavy toll on the economy.

The State Bank of Vietnam (SBV) on March 12 announced that it has issued Circular No.01 on rescheduling repayment periods, waiving and reducing interest rates to support enterprises and people affected by COVID-19 epidemic.

The State Bank of Vietnam (SBV) is to make decision soon on cutting the prime interest rate, the bank’s Deputy Governor Dao Miinh Tu said at a meeting on March 12.

Support packages from the Government and banks would contribute to partly reducing difficulties for enterprises affected by COVID-19, but stronger measures should be taken for the hardest-hit industries, experts said.

Credit growth of the banking system in the first two months of this year reached only 0.06 percent, slowing significantly against the 1 percent rate in the same period last year, due to impacts of the COVID-19 epidemic, the State Bank of Vietnam (SBV) reported.

Credit institutions have so far supported more than 44,000 clients affected by the COVID-19 outbreak, and assistance will continue in the time ahead, heard a meeting between the State Bank of Vietnam (SBV) and those organisations in Hanoi on March 2.

Many Vietnamese commercial banks have moved to develop retail banking services, seeing it as a strategy to reduce risks and optimise their business results, according to insiders.

A workshop discussing a plan for organising a “festival for peace” in the central province of Quang Tri, took place in local Dong Ha city on December 27, attracting the participation of managers, experts and researchers on culture and history nationwide.

In recent days, many domestic banks have lowered both deposit and lending interest rates for short-term VND loans to support businesses in the year-end months.