Saigon times tieng anh

Credit by the end of last month increased by 7.18 per cent compared to the beginning of this year. VNA/VNS Photo HÀ NỘI — Banks will lend more than VNĐ100 trillion (US$4.3 billion) with preferential interest rates of 3-4 per cent per year to support the economy, according to Nguyễn Tuấn Anh, director of State Bank of Vietnam (SBV)’s Credit Department of Economic Sectors. The rate cut is estimated to be worth VNĐ3 trillion, Anh said at a preferential interest rate event held last week by Vietnam Economic Review . In addition to this support package, the banking industry has also implemented many other support policies for firms and individuals, Anh said, adding the banking industry had restructured VNĐ520 trillion in loans for borrowers and cut interest rates of VNĐ16 trillion since the outbreak of the COVID-19 pandemic. "The very large number has shown the banking industry has tried its best in recent times to share difficulties with firms and … [Read more...] about Banks to lend $4.3 billion preferential interest rate loans

Can Van Luc, chief economist with state-owned lender BIDV, said at an economic forum Monday that severe impacts of the Covid-19 pandemic and ensuing social distancing campaign were main contributors to the Q3 fall in HCMC. If the prediction comes true, it would be the first time since 2000 that Vietnam records a negative GDP growth in a quarter. Revenue from services could fall over 10 percent in the third quarter, while some industries like footwear and beverage recorded a negative growth of 28 percent and 23 percent respectively in August. "A possible negative growth in the third quarter shows that this is the most challenging time for the economy, as social distancing measures in 25 localities, including Hanoi and Ho Chi Minh City have directly impacted manufacturing and services," Luc said. Other experts at the forum expressed similar concerns about the economy. Vu Thanh Tu Anh, dean of the Fulbright School of Public Policy and Management, said that GDP growth will be … [Read more...] about GDP to bounce back after Q3 fall

Mr. Nen talks to employees of the center (Photo: SGGP) The district Steering Board for Covid-19 Prevention and Control yesterday officially introduced the Command Center for Covid-19 Prevention and Control and Economic Recovery. The center has switchboard 1022 to receive dwellers’ complaints and handle them. The center will participate in an online meeting between District 7's Steering Committee for Epidemic Prevention and Control and agencies in the district. At the launch, Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen highly appreciated District 7 for pioneering the pilot implementation of the Command Center for Covid-19 prevention and economic recovery. According to Secretary  Nen, the center is the city’s preparation for the new normal . Mr. Nen said that the most important step in the coming time is disease control. "If you want to be safe, you have to control it", he said. District 7 has controlled the disease based on vaccination, social … [Read more...] about District 7 launches Command Center for Covid-19 prevention, economic recovery

A makeshift market that was opened in District 5, Ho Chi Minh City on Sunday has attracted a lot of customers amidst the prolonged social distancing period. The District 5 People’s Committee established the makeshift market with an aim to help local residents buy food and essential items safely as well as to gradually bring life back to the 'new normal.' Located on Tan Da Street in Ward 10, District 5, the market offers more than 200 essential products. All merchants have been fully vaccinated against COVID-19. In order to shop, residents must present a ticket issued by local authorities. A makeshift market on Tan Da Street in District 5, Ho Chi Minh City, September 26, 2021. Photo: Chau Tuan / Tuoi Tre About 400 people were allowed to enter the market on Sunday, Dao Thi Anh Tuyet, a district official said, adding that they were required to come at different times to prevent large gatherings. Authorities in District 5 are planning to reopen Hoa Binh and An … [Read more...] about Residents enjoy shopping at makeshift market in Ho Chi Minh City