Vietnamplus

A clear mechanism is essential to ensuring a preferential credit package will benefit pandemic-hit firms and contribute to economic recovery.

Loans of pandemic-hit enterprises will enjoy an interest rate cut of 2 per cent under a government support package to remove difficulties for the businesses.

Vietnam needs an estimated 220 trillion VND (9.6 billion USD) to build about 294,600 units of social housing for low-income earners in urban areas and industrial parks in the 2021-2025 period, according to the Ministry of Construction.

The Ministry of Construction has proposed a 30 trillion VND (1.3 billion USD) credit package to build low-cost homes for workers.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has unveiled an online preferential credit package of 5 trillion VND (220 million USD) with an interest rate of only 4.99 percent.

The Ministry of Finance has proposed to the Government a credit package to support poor pupils and students in buying computers and equipment serving their online learning amid the COVID-19 pandemic.

HDBank has increased its working capital by 71 million USD through a syndicated loan from a consortium of eight leading Taiwanese banks and an Indian bank arranged by Mega International Commercial Bank.

Saigon - Hanoi Commercial Joint Stock Bank (SHB) has just become the only Vietnamese representative to be honoured as “Bank of the Year 2020” by The Banker magazine.

The Vietnam Aviation Business Association (VABA) has proposed the Government lend domestic airlines a credit package of between 25-27 trillion VND (1.08-1.17 billion USD) at a preferential interest rate for a three-four year term.

The Government needs to do more to revive the business sector, Dr Tran Hung Son, Deputy Director of the Institute for Development and Research in Banking Technology under the Vietnam National University-HCM City has said.

A social housing credit package worth 30 trillion VND (1.3 billion USD) is on the verge of running out, and this could pose difficulties for low-income people when it comes to renting or buying property. ​

The Agriculture and Rural Development Bank (Agribank) has said it will increase the support level for its credit package worth 100 trillion VND (4.3 billion USD).

Small- and medium-sized enterprises (SMEs) are finding it difficult to access the Government's credit package worth 250 trillion VND (10.7 billion USD) to support those affected by the COVID-19 pandemic because of a lack of trust in their ability to repay.

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has announced a 30 trillion VND (over 1.28 billion USD) credit package to support its customers to overcome difficulties amid the COVID-19 pandemic.

Banks have designed various measures and solutions in order to tackle difficulties facing businesses affected by the COVID-19 pandemic.

The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has announced a credit package worth 5 trillion VND (215 million USD) for its individual customers hurt by the acute respiratory disease caused by a novel coronavirus (COVID-19).

The Ministry of Industry and Trade will propose to build a credit package of 4.4 billion USD for developing the support industry for industrial sectors, especially automobile production.

The Ministry of Industry and Trade will propose to build a credit package of 100 trillion VND (4.4 billion USD) for developing the support industry for industrial sectors, especially automobile production.

The World Bank (WB) Board of Executive Directors has approved a 194.36 million USD credit package to help four secondary cities in Vietnam build critically-needed municipal infrastructure and strengthen urban planning, the WB said on June 12.

Four years ago, the State Bank of Vietnam (SBV)’s preferential loan credit package of 30 trillion VND (1.29 billion USD) helped thousands of low-income people purchase low-cost apartments in big cities.