International capital flow restricted to few banks
International capital has flowed into many Vietnamese banks in 2022, which is a good sign indicating the capacity of domestic joint stock commercial banks.
Vietnamese banks ready to offer interest rate support package
Commercial banks in Vietnam are currently launching the 2 percent interest rate support package from the State budget package of VND40 trillion (US$1.7 billion) for loans to businesses, cooperatives, and household businesses. This is a positive signal of economic recovery after the Covid-19 pandemic.
Gov’t to loosen monetary, fiscal policies in 2022
Vietnamese gov’t plans to keep 2022’s monetary and fiscal policies as lax as as part of the Socio-Economic Development Strategy for the 2021-2030 period in 2022, with a GDP growth target of 6-6.5 percent and inflation control below 4 percent.
Business establishments entitled to ask for loan of US$ 86,030
From November 8, 2019, business establishments are entitled to ask for a loan of VND2 billion (US$86,030) according to the government’s decree 74/2019 on employment supporting polices and the national fund.