The State Bank of Vietnam set the daily reference exchange rate at VND23,141 per USD on January 18, up VND5 from the last working day of previous week (January 15).
Credit loans must be always available for production and business enterprises, especially those operating in such areas as agriculture, export and high-tech, Prime Minister Nguyen Xuan Phuc said on December 26.
The Ho Chi Minh City People’s Committee petitions for preferential policies on online transaction in public sectors at a conference with the State Bank of Vietnam recently.
The State Bank of Vietnam (SBV) is studying amendment of Circular 01/2020 in order support more businesses affected by the Covid-19 pandemic, said deputy governor of SBV Dao Minh Tu at a conference on July 2.
By June 16, the credit growth of the banking industry merely reached 2.13 percent compared to the beginning of this year. Thus, in the first nearly six months of this year, credit growth was only half of that in the same period last year due to the serious impacts of the Covid-19 pandemic.
The State Bank of Vietnam – Ho Chi Minh City Branch said that by the beginning of June this year, overseas remittances transferred to the city reached US$2.3 billion, a decrease of 1.9 percent over the same period last year.
To support enterprises and borrowers affected by the Covid-19 pandemic, banks have simultaneously cut their interest rates by 0.5-2.5 percent per annum for loan packages.
The recent sharp interest rate cut of the State Bank of Vietnam (SBV) is said to be in time and will affect positively enterprises but these impacts are in the medium and long term.
The State Bank of Vietnam (SBV) has urged domestic and branches of foreign credit institutions to offer a cut in loan interest rates for businesses affected by the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) which is taking toll on the regional economies.
