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Saturday, February 4, 2023
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relief package

Tough screening procedures hinder soft-loan rollout

HCMC – Tough inspection and screening procedures have hindered the rollout of a financial aid package with an interest rate discount of two percentage...

One-fifth of relief package disbursed for economic recovery

HCMC - The disbursement of the relief package for economic recovery and development had reached VND61 trillion as of September 30, accounting for 20.2%...

Interest subsidy package and tourism development receive VND18.5 trillion

HCMC – The prime minister has decided to provide extra funding to the tourism development fund and the preferential credit package access to soft...

Just VND55.5 trillion disbursed for economic recovery, development

HCMC – As of September 2, the disbursement of the relief package for economic recovery and development had totaled a mere VND55.5 trillion (US$2.36...

Borrowing turns harder as interest rates rise

HCMC – Businesses find it tough to gain access to bank loans as interest rates are increasing. Speaking at a conference held yesterday (August 31),...

Credit crunch chokes credit growth

HCMC – Credit growth has almost stalled since the end of the second quarter as banks have used up their credit growth quotas. Figures from...

Central bank seen increasing credit growth target

HCMC – The central bank governor has said the remaining room of the 14% credit growth target for this year would be adjusted up...

Paperwork hinders rollout of credit package

HCMC - Inspection and screening procedures have prevented the target beneficiaries of the preferential credit package access to soft loans with an interest rate...

Aid package for companies sees few takers

HCMC – A financial aid package with an interest rate discount of 2 percentage points for businesses is being disbursed far slower than expected...

2% interest rate aid package worth VND40 trillion launched

HCMC – The Government has issued a decree on a relief package worth VND40 trillion offering an interest rate of 2% for loans to...

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