The Provincial Party Committee, People's Council, People's Committee of Binh Duong Province recently held a meeting with associations and enterprises located in the province.

More than 6,000 enterprises in HCM City have resumed operations following the containment of the COVID -19 pandemic and more than 30,000 new ones with capital of VND696 trillion have been set up this year, the city chairman has said.

A launching ceremony for a database of Vietnamese manufacturing and supporting industries was opened in the capital city of Hanoi yesterday morning.

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.

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.

Besides supporting customers affected by the Covid-19 pandemic, commercial banks also introduced several support packages with interest rates lower than usual interest rates by 0.5 to 3 percent per annum, worth around VND250 trillion (US$10.66 billion), for both corporate and individual customers to stimulate credit demand.

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.

There were 21,600 enterprises resuming operation in the past six months of this year, an increase of 31.4 percent over the same period last year, raising total number of newly registered and operation-resumed enterprises in the first six months of this year to nearly 88,600.