During a seminar on "Opening Capital Flow into Production and Business" hosted by Tuoi Tre Newspaper on March 30, the Standing Deputy Governor of the State Bank of Vietnam (SBV), Dao Minh Tu, emphasized SBV's message to lower interest rates.
The State Bank of Vietnam – HCMC Branch yesterday sent a formal dispatch to all districts and Thu Duc City about strengthening supervision on foreign currency trading of businesses, especially gold trading ones, to detect illegal activities.
Commercial banks have agreed to lower deposit interest rates by about 0.5 percent starting from March 6, while State-owned banks will only reduce their rates by 0.2 percent because they are already at the lowest level in the market.
Vietnam's lending interest rates are higher than many countries in the world, while last year, Vietnam was one of the countries with the lowest inflation level. This paradox needs to be explained to find solutions to ease the burden on businesses.
16 commercial banks in Ho Chi Minh City signed a loan commitment of up to VND11 trillion (US$462 million) for 64 businesses with interest rates of 7 percent and 10 percent a year for short-term loans and medium and long-term loans respectively.
Through the Bank-Business Connection program, commercial banks disbursed VND568.34 trillion, equal to 131 percent of the preferential credit package registered since the beginning of the year, an increase of 16.6 percent compared to 2021.
Party General Secretary Nguyen Phu Trong on March 30 chaired a meeting of the Party Central Committee’s Politburo and Secretariat on a project summarising the 10-year implementation of Resolution No. 15-NQ/TW.
A global problem, climate change requires a global approach based on multilateral cooperation and institutions, Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), has said.
In addition to identifying the prioritized agricultural production sectors in the order of aquaculture, fruit trees, and rice, many resources have been invested in the Mekong Delta to cope with the issues caused by climate change.
A working session on the results of the implementation of Resolution 27/2021/NQ-HDND on policies of preschool educational development in industrial parks and a draft resolution on service fees in schools was held yesterday.
Recently, the Ministry of Finance has put forward a plan to levy an excise tax on sugary and non-alcoholic beverages with the aim of bringing down sugar consumption and improving public health. However, this draft is still controversial.