Vietnam joint stock commercial bank for industry and trade

Particularly, KienlongBank reduced more than 25 percent of the total interest for more than 85,000 customers who are on installment loans from April 3 to June 30. These customers mainly are lottery ticket sellers, motorbike taxi drivers, and small businesses. From now until December 31, MSB launched a VND7-trillion credit package with preferential interest rates for unsecured loans and mortgage loans of individual customers who were affected by the Covid-19 pandemic. Accordingly, MSB applied an interest rate of 12.99 percent in the first 12 months for unsecured loans. As for mortgage loans, customers can choose preferential interest rate of 6.99 percent per annum in the first six months, 7.99 percent per annum in the first 12 months, or 8.75 percent per annum in the first 18 months. BIDV also cut its interest rates by up to 1 percent for existing unsecured personal loans of individual customers. As for unemployed workers who receive an unemployment benefit of VND1.8 million, the bank … [Read more...] about Commercial banks cut interest rates for Covid-19 affected individual customers

A recent survey by Nielsen Vietnam and Infocus Mekong Mobile Panel found that the Covid-19 pandemic has had a strong impact on Vietnamese consumer trends. People have reduced the frequency of their visits to supermarkets and grocery stores by 50 percent and to traditional and fresh food markets by more than 60 percent, it found. … [Read more...] about Online shopping surges on Vietnam social distancing campaign

Hanoi (VNA) – The Ministry of Labour, Invalids and Social Affairs (MoLISA) on April 5 asked the Overseas Labour Management Department to order businesses to suspend sending workers abroad until the end of April. It has also requested leaders of agencies under municipal and provincial Departments of Labour, Invalids and Social Affairs to step up urgent measures against the COVID-19 pandemic. Overseas Vietnamese labour management boards should encourage Vietnamese labourers to stay calm, observe host countries’ regulations on COVID-19 prevention and control, and avoid trips to disease-hit areas, while ensuring rights and interests of the labourers who are affected by the epidemic. In its document sent to relevant agencies, the ministry said that scheduled inspections will be also halted at this time, adding that online inspections in the sphere of labour are encouraged. The ministry urged medical declaration at the request of the Ministry of Health, especially among … [Read more...] about Vietnam to suspend labour export until end of April

Sydney (VNA) – The Vietnamese Embassy in Australia has provided updated information about the Australian government’s adjustment of its policies for foreigners amid the rapid spread of the COVID-19 pandemic.  Right after receiving information about Australian Prime Minister Scott Morrison’s April 3 recommendation that international tourists and students who are not financially secure should leave Australia, the embassy actively contacted with local authorised offices to clarify the leader’s statement. Accordingly, in the context of complicated developments of the pandemic, the Australian government encourages foreign backpackers to return home if they can not support themselves. For nearly 600,000 foreign students, the government encourages them to rely on family support, part-time work where available and their own savings to sustain themselves. Those who have lived in Australia for more than one year are advised to withdraw up to 10,000 AUD (6,000 … [Read more...] about COVID-19: Students in Australia get updated on local government’s new policies

Hanoi FC captain Van Quyet has collected a total of VND120 million after calling for support from friends and from auctioning off his jersey. The proceeds will be given to Bach Mai Hospital to purchase protective gear, face masks, and other necessities. … [Read more...] about National football stars donate to fight COVID-19