Binh Duong Province pledges to accompany enterprises

Binh Duong Province pledges to accompany enterprises

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.
Customers do transactions at Vietcombank. (Photo: SGGP)

Banking industry sees slow credit growth

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.
Banks launch low-interest rate packages to stimulate credit demand

Banks launch low-interest rate packages to stimulate credit demand

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.
Enterprises need support through fiscal policies

Enterprises need support through fiscal policies

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.
Around 21,600 firms become operational again in first six months

Around 21,600 firms become operational again in first six months

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.