Tourism industry needs support Travel

Tourism industry needs support

The Ministry of Culture, Sports and Tourism has asked Prime Minister Nguyen Xuan Phuc for urgent support for tourism businesses impacted by the second wave of COVID-19.
More loans to enjoy restructured repayment periods Business

More loans to enjoy restructured repayment periods

The State Bank of Vietnam is drafting amendments to a circular that restructures repayment periods, waives and reduces interest rates and fees and maintains debt classification to support people affected by the COVID-19 pandemic to ensure more receive the support.
 Banks to offer credit packages for customers affected by COVID-19 Business

Banks to offer credit packages for customers affected by COVID-19

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.
Commercial banks support COVID-19-hit businesses Business

Commercial banks support COVID-19-hit businesses

The State Bank of Vietnam (SBV)’s leaders on March 24 held an online meeting with representatives of 12 joint stock commercial banks on the implementation of measures to support businesses and people affected by the coronavirus disease (COVID-19).
Business

State bank regulates debt grouping

State Bank of Vietnam Governor Nguyen Van Binh this week issued a directive on classification of restructured debts to ensure that credit institutions perform safely and more effectively.