The banking sector is expected to tighten credit into risky fields, including real estate and securities.

The central bank would continue to keep the policy rates unchanged until the end of the year.

The aviation sector remains an important part of the economy and would rebound strongly once the pandemic is contained.

A group of 16 commercial banks, accounting for 75% of total outstanding loans, has committed to foregoing around VND20.6 trillion ($906.3 million) in waiving and lowering interest rates for customers in the remainder of the year.

With such a move, customers would now have another six months to recover their business operations.

The timing and adjustment of policy rates must be decided based on the actual situation.

Vietnam would stay active in cooperating with the US to address the latter’s concern in a comprehensive way to ensure a balanced trade relationship.

Credit demand has been on the rise in the first half of the year and is set to maintain its growth momentum for the second six months.

Both sides are committed to maintaining close cooperation and look forward to addressing other shared challenges, such as supporting a strong and inclusive recovery from the Covid-19 pandemic.