The Central bank has lowered its interest rate cap three times by a combined of 1.5-2 percentage points per annum, which is the largest cut in the region.

Hanoi is set to mobilize resources to upgrade the infrastructure network and create breakthroughs in state governance of economic activities.

Vietnam’s trade performance continues to stay positive with the trade turnover as of December 15 rising by 4.5% year-on-year, or US$22 billion to $515.27 billion.

The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).

Vietnam is the fastest-growing nation brand in 2020’s ranking.

In total, Vietnamese enterprises exported over 1.3 billion medical face masks in the first 11 months of 2020.

The grant will incentivize participating banks in Vietnam to restructure existing loans or extend new loans to at least 500 women-led small and medium-sized enterprises.

Total capital mobilized by credit institutions in Hanoi this year is estimated to increase by 12.91% year-on-year and total outstanding loans at 9.58%.

Celebration activities during the Lunar New Year holiday should comply with anti-Covid-19 measures.