Through credit packages with preferential interest rates, and products and services customised to each customer group’s needs, banks focus on helping enterprises access capital to restore production and business.
One of the most important hurdles to restoring the economy after the COVID-19 pandemic is further investment in social housing development, especially for workers in industrial zones, according to the Ministry of Construction (MoC).
The government’s relief and credit packages are now vital to help Ho Chi Minh City’s travel companies survive the coronavirus crisis, Deputy Director of the municipal Department of Tourism Nguyen Thi Anh Hoa has said.
A series of different scenarios and measures to support businesses and people in the northern coastal province of Quang Ninh in the case of a prolonged COVID-19 pandemic were proposed at meeting in the locality on April 21.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.
The Binh Duong Water – Environment JSC (Biwase) and the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) signed a comprehensive credit cooperation pact in the southern province of Binh Duong on August 20.
More than 773,000 out of over 1 million firms in the country, or 73.4 percent, are unable to access credit, it was reported at a conference on promoting access to credit held by the National Credit Information Centre (CIC) in Ho Chi Minh City on June 18.
The National Credit Information Centre of Vietnam (CIC) and the State Bank of Vietnam (SBV) has officially launched a portal connecting borrowers and credit institutions.
Credit packages with preferential interest rates offered to small and medium enterprises (SMEs) in Ho Chi Minh City contributed largely to the city’s economic growth of 8.3 percent in 2018, heard a conference held in the city on April 18.
Deputy Foreign Minister Ha Kim Ngoc has led a Vietnamese delegation to the 74th session of the Economic and Social Commission for Asia and the Pacific (ESCAP), which is taking place in Bangkok, Thailand, on May 11-16.
The Bank for Investment and Development of Vietnam (BIDV) has launched preferential credit programmes worth a total three trillion VND (132.1 million USD) to support start-ups and micro enterprises.
The bank – enterprise connection programme enabled around 22,000 businesses in HCM City to borrow over 280 trillion VND (12.5 billion USD) from banks last year.
Experts have welcomed a shift in credit policy for hi-tech agriculture to include farmers and enterprises instead of focusing on hi-tech agricultural parks.
The central province of Quang Tri has allocated 9 billion VND (405,000 USD) and 800 tonnes of rice to local fishermen affected by the recent mass fish deaths.
The International Finance Corporation (IFC), a member of the World Bank Group, rolls out a handbook to develop credit packages for farmers and enterprises in Vietnam.
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