Giving every citizen VND1-1.5 million, which will be disbursed three times, to help cover basic needs is one of the initiatives that could help Vietnamese people overcome current difficulties.

Not putting high hopes on the interest rate cuts made by the State Bank of Vietnam (SBV) recently, the market is still waiting for a bailout to cover all business fields.

The Ministry of Labour, Invalid and Social Affairs has proposed the Government issue a 20 trillion VND (843 million USD) bailout package to soften the economic impact of the COVID-19 pandemic.

VietNamNet Bridge - With a series of programs and incentive packages, including the small enterprise support draft law, the state budget is expected to have a new source of revenue worth $19.2 billion.

 Greece's parliament has backed draft terms for a third bailout in five years after talks that lasted through the night and well into the morning.

 The International Monetary Fund (IMF) is very wary of any financial contribution to a third Greek bailout.

 The Greek parliament is to vote later on a second set of reforms needed to secure its bailout deal.

A series of bailouts have been designed to rescue the real estate market, including the VND30 trillion package from the government as well as a proposed VND50 million package that remains on paper. 

The VND30 trillion ($1.4 billion) bailout package to support the real estate market has achieved little progress against the ambitious targets set at its launching.

 The German parliament is set to vote on a plan to extend financial aid to Greece by another four months.

 Eurozone finance ministers have approved reform proposals submitted by Greece in order to obtain a four-month extension of its bailout.

 Greece has unveiled an outline summary of reforms demanded by eurozone leaders in order to secure a bailout extension.

Some big banks said they would take part in a VND50 trillion credit program initiated by the State Bank to warm up the property market, which has not improved over the last few years despite government bailouts.

 Greek and eurozone officials have failed to reach an agreement over Greece's debt crisis, though both sides said there was still hope for a deal.

The State Bank of Vietnam (SBV) has submitted to the government a plan on launching a VND50 trillion a credit package aiming to help revive the commercial housing market.

The government has unexpectedly proposed to the National Assembly the use of the state budget to settle bad debts incurred by SOEs, even though the legislature has said that SOEs must take responsibility for their debts.

The spokesperson of the Ministry of Construction has confirmed that the Ministry did not compile any project to support the real estate market with a VND100 trillion credit package as some newspapers reported in the last few days.

The Ministry of Construction and the State Bank both have loosened the requirements on the borrowers of the VND30 trillion package in an effort to speed up the disbursement. However, the power is in the hands of commercial banks.

 Bailout disbursed in dribs and drabs into real estate; SBV puts forward plan to increase lending given low credit growth; Vietnam Airlines to sell 2.7pct stake in Techcombank; Gov’t asked to contain inflation to attract more investors

 VietNamNet Bridge – Government officials and experts have become impatient about the slow disbursement of the VND30 trillion bailout to be pumped into the real estate market.