Effective resource package needed for economic recovery
Economic recovery now needs resources to build support packages, but it is also important to determine how to use these resources effectively.
Concerns over 'cheap money' on stock market
Recently, the cash flow has poured massively into the stock, gold, and real estate markets. Investors call this phenomenon cheap money, but it also raises concerns over inflation for the economy.
Thu Duc City committed to maximum support for businesses
Secretary of the Thu Duc City Party Committee Nguyen Van Hieu said that Thu Duc City will organize a channel, possibly a business association, to connect leaders of Thu Duc City and businesses for listening to businesspersons’ opinions about difficulties so that Thu Duc City authority can help them promptly solve.
HCMC extends disbursement of third support package
Director of the Ho Chi Minh City Department of Labor, Invalids, and Social Affairs Le Minh Tan, on the afternoon of October 22, said that because more than 1.5 million people had not yet received financial support of the third Covid-19 relief package, the city decided to extend disbursement until October 31.
Commercial banks ask for more mechanisms to support interest rate cut
Although the State Bank of Vietnam (SBV) has had the policy to reduce interest rates and extend the repayment period to support enterprises in the restoration of production and business activities, many commercial banks said that there should be more mechanisms for implementation.
HCM City: Over 365,000 people benefit from Covid-19 support packages
More than 365,000 labourers, business households and traders in traditional markets in Ho Chi Minh City have benefited from Covid-19 support packages.
Binh Phuoc authority helps farmers sell agricultural produce
In its official dispatch to relevant agencies, the People’s Committee in the Southern Province of Binh Phuoc asked to open more mobile booths to sell agricultural produce.
Credit accelerates prior to Lunar New Year
Banks have launched several preferential credit packages to stimulate demand for business capital and spending to take advantage of the peak business and shopping season at the end of the lunar year.
Support packages need to be activated quickly
The results of the survey on the business situation of enterprises in August this year by the Ho Chi Minh City Union of Business Association show that 40 percent of enterprises said that there are still many difficulties in recovering production and business activities after the Covid- 19 pandemic, 44 percent still face difficulties, 9 percent have started to overcome difficulties, and 5 percent have returned to a normal operational state.
Enterprises speed up to complete this year’s revenue plans
There are more than three months left until the end of 2020 with too many fluctuations and impacts caused by the Covid-19 pandemic. To complete the annual revenue plan, most enterprises choose the plan to increase promotion, reduce the prices of goods to stimulate consumer demand, while minimizing costs to retain employees.