Banks serve as fulcrum for businesses amid epidemic

Banks serve as fulcrum for businesses amid epidemic

Despite banks making moves to lower annual interest rates by up to 1.5% whilst simultaneously offering a range of support packages, many businesses have no need for loans in the current climate due to the consumption market facing plenty of difficulties
Businesses keen to remove hurdles amid COVID-19 epidemic

Businesses keen to remove hurdles amid COVID-19 epidemic

Management agencies have put in place drastic steps in a bid to support businesses as they actively seek out sources of raw materials to be used in production whilst boosting trade promotion activities.
Tan Son Nhat Customs: Efforts to perform task on frontline in epidemic prevention

Tan Son Nhat Customs: Efforts to perform task on frontline in epidemic prevention

VCN - As one of the first forces directly contacting passengers entering Vietnam, civil servants of Tan Son Nhat International Airport Customs Branch have made great efforts to perform the taskin an area considered the frontline in the Covid-19 epidemic c
Dong Nai Customs supports businesses in context of reduced revenues

Dong Nai Customs supports businesses in context of reduced revenues

VCN - Dong Nai Customs Department has taken many supportive solutions to create the best conditions for businesses in import and export activities and minimise negative impacts on revenues.
Business “plagued” by epidemic

Business “plagued” by epidemic

VCN- A sharp decline in customers leads to a drop in revenue during the epidemic season. Many business units have to pay ground, downsize or stop business to cut their losses.
Invest in gold at this time, need to be cautious

Invest in gold at this time, need to be cautious

VCN - The strong fluctuations of the gold market recently pushed gold into a "shelter" of attractive assets. Even if calculated, many times, gold's rate of return soared many times higher than bank savings rates.
Ministry of Industry and Trade plans to cope with Covid-19 epidemic

Ministry of Industry and Trade plans to cope with Covid-19 epidemic

VCN - Ministry of Industry and Trade has made overall plans with an action plan to identify the worst cases, including in the case of a pandemic occurring in many provinces of Vietnam.
EVFTA adds fresh impetus to exports amid COVID-19 epidemic

EVFTA adds fresh impetus to exports amid COVID-19 epidemic

The European Union-Vietnam Free Trade Agreement (EVFTA) will serve as a new driving force to spur on export growth in the context of the spread of the novel coronavirus (COVID-19) epidemic which has caused plenty of challenges for export businesses
State Securities Commission: investors worrying about Covid-19 epidemic  

State Securities Commission: investors worrying about Covid-19 epidemic  

VCN - Leaders of the State Securities Commission (SSC) said that motivated by a good macro-economic background, Vietnam’s securities market will be stable soon.
Vietnam could receive fresh FDI inflow amid COVID-19 epidemic

Vietnam could receive fresh FDI inflow amid COVID-19 epidemic

The nation is expected to represent a safe choice for foreign investors in their capital shifting plans in the context of the novel coronavirus (CODIV-19) epidemic which is currently spreading globally.
MoIT will continue support for businesses after epidemic: Minister

MoIT will continue support for businesses after epidemic: Minister

The Ministry of Industry and Trade (MoIT) will continue to support local businesses after the coronavirus epidemic is stamped out, Minister Tran Tuan Anh has said.
Banks confront Covid-19 epidemic: Anxiety of bad debt on the rise

Banks confront Covid-19 epidemic: Anxiety of bad debt on the rise

VCN - In 2019, the bad debt ratio of the banking system decreased compared to 2018. This is a good premise for the banking industry entering 2020 to be more confident.
Tax, land lease payment term extended for epidemic-hit firms

Tax, land lease payment term extended for epidemic-hit firms

The term for tax and land lease payment worth about 30 trillion VND (1.3 billion USD) has been extended in a support package for enterprises and business households hit by COVID-19 outbreak, the Finance Ministry said on March 6.
Bad debt may not be too serious

Bad debt may not be too serious

VCN- In 2019, the bad debt volume of the credit system has decreased because the banking industry has introduced many solutions so far to handle the bad debt effectively.
Disbursement of public investment capital delayed by Covid-19 epidemic

Disbursement of public investment capital delayed by Covid-19 epidemic

VCN- Therefore, the rate of investment capital disbursed from the State budget in the first two months of the year is not high compared to the plan for 2020.
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