The provision aims to realise the directions of the Prime Minister and the Governor of the State Bank of Vietnam (SBV) on implementing urgent measures to cope with the pandemic which is hitting all sectors hard.

Transaction at VietinBank.

Under its credit programme, VietinBank will cut the lending interest rates down by 2 percent compared to the previous ones. Meanwhile, Agribank's customers will enjoy interest rates 1 percent and 0.5 percent lower than normal for loans in VND and in foreign currencies respectively.

This programme will run until three months after the pandemic ends or the package is completely disbursed.

Earlier, the SBV had instructed commercial banks to delay, extend, and reschedule debt payments as well as reduce interest rates and fees for enterprises, while providing new loans to help them overcome difficulties.

Besides, the central bank also adjusted interest rates to support credit institutions with easier capital access.

On March 13, the SBV Governor issued Circular No. 01/2020/TT-NHNN directing credit institutions and foreign bank branches to restructure their repayment periods, waive and reduce interest rates and fees, and maintain debt classifications in order to support customers affected by the Covid-19 pandemic.

VPBank Hanoi Marathon 2019 held

A ceremony to start the VPBank Hanoi Marathon was held in the heart of Hanoi on October 20, with 7,000 professional and amateur athletes taking part, over 1,500 of them foreigners.

Vietnam’s central bank cuts deposit and lending rates

The State Bank of Vietnam has announced a range of interest rate cuts on Vietnamese dong deposits and loans, which take effect from November 19.

Mobile banking project launched for low income people, women

The Vietnam Bank for Social Policies (VBSP) on September 6 officially launched the project “Mobile Banking – Financial Inclusion and Economic Empowerment for Low Income People and Women in Vietnam” - Phase 2 (Mobile Banking 2).

1,000 foreign athletes register for VPBank Hanoi Marathon

Up to 1,000 international athletes have registered to compete in the VPBank Hanoi Marathon (VHM) to be held in the capital city on October 20, organisers said.

State Audit Office of Vietnam, World Bank to boost cooperation

Officials of the State Audit Office of Vietnam (SAV) and the World Bank (WB) have discussed cooperation in the fields of shared concern at a recent meeting that was part of the SAV delegation’s working visit to the US from August 27 to 30.

Source: VNA