Many banks reduce lending interest rates
Many commercial banks said that in the past time, they have managed to provide capital with reduced lending interest rates for some businesses during the peak season in business at the end of the year.
HCMC proposes tax, interest rate reductions to support businesses
The People's Committee of Ho Chi Minh City has just contributed some opinions on the reduction of corporation tax, value-added tax, and land rent, the extension of tax payment deadlines, and interest rate support to the draft Decree stipulating some solutions to support enterprises and people affected by the Covid-19 pandemic.
Stronger solutions needed to support businesses
The State Bank of Vietnam and the Government must offer stronger solutions to resolve the current problems pertaining to debt structuring, interest rate reduction, and support to businesses facing crisis.