The Mekong Delta province of Vinh Long is taking synchronous measures to fight COVID-19 pandemic and step up socio-economic development, said Chairman of the provincial People’s Committee Lu Quang Ngoi.
The steering committee for the restructuring of credit organisations held a meeting in Hanoi on July 27 under the chair of Prime Minister Nguyen Xuan Phuc.
The State Securities Commission was established on November 28, 1996 in line with Decree No. 75/1996/ND-CP of the Government. The Ho Chi Minh City Securities Trading Centre was formed in accordance with a decision dated July 11, 1998.
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu highly valued several banks’ interest rate cuts by an additional 2 percent annually to support businesses affected by the COVID-19 pandemic.
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.
The banking sector is building a credit support programme with a value of 285 trillion VND (over 12.2 billion USD) for firms hit by the epidemic of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19), in an attempt to help ease their difficulties, according to an official of the State Bank of Vietnam.
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.
The Ministry of Public Security on January 17 said that through its investigation into the disturbance case in Dong Tam commune, Hanoi’s suburban district of My Duc, authorities have found a number of domestic and foreign individuals and organisations provide money to rioters in the case.
It was a surprise as a number of domestic commercial banks have reported big profits after years of poor performance, but this showed the country’s business environment has improved.
The State Bank of Vietnam (SBV) has issued a document requesting credit organisations and branches of foreign banks to expand credit activities serving production, business and consumption as part of efforts to limit “black credit”.
Agencies in the Central Highlands province of Dak Lak have conducted investigations into 114 corruption and fraud cases involving 188 people in its fight to tackle economic crime.
The Government recently issued Decree No.86/2019/ND-CP regulating the minimum legal capital levels of foreign banks’ branches and credit institutions operating in Vietnam.
An island commune in the southern coastal province of Kien Giang is expanding marine aquaculture in combination with tourism and other services to further the incomes of local farmers.
Long Thanh International Airport will open its doors by 2025 at the latest and will handle 25 million passengers and 1.2 million tonnes of goods a year once the first phase is completed.
Nearly 9.6 trillion VND (417.3 million USD) worth of bad debts were handled each month from August 15, 2017 to August 31, 2019, or 4.7 trillion VND higher than that during the 2012 – 2017 period.
The Government has considered mobilising capital from domestic enterprises to invest in the first construction phase of Long Thanh international airport project.
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.
Addressing the Government’s meeting on October 2, Prime Minister Nguyen Xuan Phuc requested ministries, sectors and localities to push ahead with stronger reforms to promote production and business activities amid several challenges to and problems of the economy.
The restriction on foreign currency lending actually reduces the "virtual" supply and demand of foreign currencies, contributing to reducing dollarisation in the economy
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