return icon Vietnamnet.vn

Interest rate cuts weighed for borrowers affected by coronavirus

Vietnam’s central bank has asked commercial banks to promptly adopt measures to support their customers in the wake of the coronavirus outbreak, including rescheduling repayments and revising down interest rates.

 

{keywords}

Dragon fruit harvest in Ba Ria-Vung Tau Province. The Wuhan coronavirus outbreak has negatively affected the sale of the fruit in the southern province 

 

The State Bank of Vietnam governor on February 4 issued Dispatch 541 requesting credit institutions to balance capital sources to meet the financial demand of manufacturers and businesses.

They have to direct their branches to proactively update their business operations and evaluate damages suffered by borrowers because of the coronavirus epidemic, especially those operating in vulnerable sectors such as tourism, agriculture and export.

Lender banks can restructure repayment terms and lower interest rates to support their customers experiencing hardship, among other things.

Branches of the central bank across the country must keep a close watch on business activities, the latest developments and the impact of the Wuhan coronavirus outbreak in districts to direct local credit institutions to take emergency steps, in line with prevailing regulations.

Further, the central bank’s agencies in provinces and cities are required to cooperate with the relevant parties to address risks and problems affecting borrowers. SGT

Farmers face losses from coronavirus border shutdown

Farmers face losses from coronavirus border shutdown

Farmers are seeing dropping prices and huge inventories after border trade with China was halted due to the Coronavirus.

Coronavirus likely to send local stock market crashing

Coronavirus likely to send local stock market crashing

A new strain of coronavirus that has emerged in the central Chinese city of Wuhan is expected to continue dampening investor sentiment, according to various reports.

MORE NEWS

Hue Festival 2022 opens with glamor show

The week-long Hue Festival 2022 was kicked off on June 25 evening by a unique art programme and Ao Dai (Vietnamese traditional gown) show.

Bach Long Glass Bridge - A news tourist attraction in Moc Chau

A glass-bottomed bridge named Bach Long (White Dragon) was recently inaugurated in Moc Chau and it has immediately become a new tourist attraction.

Vietnam among few countries totally re-open int’l tourism market

Vietnam is the only only Southeast Asian country that has reopened international tourism without any COVID-19 restrictions, the World Tourism Organization (UNWTO) said.

Foreign Ministry spokeswoman’s story of being a writer

Assistant to Minister of Foreign Affairs, Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang says journalism not only means reporting information, but it also has the function of leading public opinion.

Another S.Korean airline resumes direct service to Khanh Hoa

An Air Seoul flight carrying 187 passengers from the Incheon international airport arrived at the Cam Ranh International Airport in Khanh Hoa Province on June 24.

Interest subsidy vs monetary loosening

Some recent reports have indicated that the monetary policy of the State Bank of Vietnam (SBV) is not in sync with the global trend.

Developers expect smoother LNG policy planning

In Vietnam, about 20 LNG-fired power projects are in the pipeline. Some of these programmes, however, have yet to identify a fuel source.

National Assembly Chairman arrives in Budapest for Hungary visit

A high-ranking delegation of the National Assembly (NA) of Vietnam led by NA Chairman Vuong Dinh Hue arrived in Budapest on June 25 afternoon (local time), beginning an official visit to Hungary.

Next Top model crowned Miss Universe Vietnam 2022

Ngoc Chau, the winner of Vietnam’s Next Top Model 2016, was crowned Miss Universe Vietnam 2022 at a grand finale held in Ho Chi Minh City on June 25 evening.

WB, FTSE Russell pledge regular coordination in upgrading Vietnam's stock market

Representatives of the World Bank (WB) and FTSE Russell have committed to further supporting Vietnam to build a sustainable stock market, particularly via regularly exchange and coordination in the market upgrading matter.

Regions, sub-regions must be linked for development

In 2004, the Politburo released Resolution No 39-NQ/TW on socio-economic development and assurance of national defense and security in the northern part and southern coastal area of the central region by 2010.

Ensuring information security for digital platforms the top priority

Deputy Minister of Information and Communications Nguyen Huy Dung stressed that ensuring information security for digital platforms must be considered the key task, inseparable from the digital transformation process.

Aircraft fuel price reaches 8-year high

The continued air petrol price increase has caused headaches to air carriers. Airfares change from day to day.

VIETNAM NEWS HEADLINES JUNE 25

Exhibition spotlights Hue’s enameled bronze art

VIETNAM BUSINESS NEWS JUNE 25

Government seeks to resolve businesses’ capital shortage
back_to_top