The southernmost province of Ca Mau is supporting seafood enterprises to make good use of the UK-Vietnam Free Trade Agreement (UKVFTA) to foster exports to the UK in the near future, the provincial Department of Industry and Trade said.
Four commercial banks signed agreements to provide loans worth a total of 4.66 trillion VND (200 million USD) to 20 companies operating in Ho Chi Minh City-based industrial parks and export processing zones at a meeting connecting banks and businesses held last week.
Deputy Prime Minister Pham Binh Minh on April 8 signed the Prime Minister’s dispatch requesting the acceleration of disbursement of foreign official development assistance (ODA) and preferential loans.
A support package worth 6.6 trillion VND (290.4 million USD) will be spent on providing housing rental subsidies for labourers who are working in industrial parks (IPs), export processing zones (EPZs) and key economic regions, according to the Ministry of Labour Invalids and Social Affairs (MoLISA).
Helping businesses revive production and trading is one of the important tasks that the Department of Industry and Trade of Ho Chi Minh City will focus on in 2021.
While the disbursement of official development assistance (ODA) has seen progress, without drastic solutions, it will be difficult for ministries and sectors to achieve allocation targets, Deputy Minister of Finance Tran Xuan Ha has said.
Sacombank and 15 other banks have signed credit contracts to provide preferential loans for corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic.
Nine years after the issuance of a Government decision that set out preferential credit policies to provide more financial support for Vietnamese firms in the supporting industry, few have been able to make use of said policies, industry insiders have said.
Vietnam’s Government bond (G-bond) market would become a safe, effective and highly lucrative investment mechanism for commercial banks, insurance networks, investment funds and foreign investors.
More than 1.62 million poor households and welfare policy beneficiaries gained access to preferential loans worth over 54.9 trillion VND (2.36 billion USD) in the first nine months of 2019, up 6.15 trillion VND compared to the same period last year.
Credit for social policy beneficiaries has contributed significantly to narrowing the gap between the rich and the poor, reducing unemployment rate, and developing local economy.
More than 1.15 million poor households and policy beneficiaries gained access to preferential loans in the first half of 2019, according to the Vietnam Bank for Social Policies (VPSP).
The People’s Committee of Hanoi has proposed the municipal People’s Council add the urban railway project No 3 to the list of projects funded by official development assistance (ODA) and preferential loans from foreign donors.
Disbursement of official development assistance (ODA) hit over 1.6 trillion VND in the first five months of this year, equivalent to only 2.7 percent and 5.6 percent of targets assigned by the National Assembly and Government for the whole year, respectively, which were alarming figures, said Finance Minister Dinh Tien Dung on June 26.
The ODA National Steering Committee held a meeting with donors in Hanoi on June 17 to seek solutions to speed up the disbursement of ODA capital and preferential loans, which has showed signs of slowing down in recent years.
Business
