Deputy Minister of Construction Nguyen Van Sinh told VietNamNet that the VND110 trillion credit package is awaiting the government’s decision, and that the Ministry of Construction (MOC) has not received any report about the stopping of the package.

Most enterprises say they are still experiencing a sharp decrease in revenue, cash flow imbalance and decline in confidence.

Many companies have been sold during the COVID-19 crisis due to lack of capital and longterm financial durability.

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.

Prime Minister Nguyen Xuan Phuc has requested MPI to build a scenario for economic recovery after Covid-19.

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

High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge for agricultural enterprises to expand production. 

VietNamNet Bridge - VietNamNet Bridge - The government has promised to provide loans to support the development of hi-tech agriculture, but farmers say bank loans are still out of reach.

VietNamNet Bridge - Encouraged by the government’s promise to give support in land and capital, especially the VND100 trillion credit package announced in early 2017, many investors want to pour money into hi-tech agriculture. 

The government’s announcement about the huge credit package of VND100 trillion to support hi-tech agriculture has caused concern among farmers, who are concerned that they will not be able to satisfy requirements to access the preferential loans.

VietNamNet Bridge – The VND30-trillion credit package aimed at helping homebuyers and property developers was launched last Saturday. While many realty developers praise the move as positive to stir up the long-frozen market,