Vietnam’s central bank extends debt restructuring scope
Updated: 14:47, 08/09/2021
The State Bank of Vietnam has extended the debt restructuring period for commercial banks in order to support their customers affected by the Covid-19 pandemic.
Under an amended circular issued on September 7, the scope of debts subject to restructuring will included those incurring between June 10, 2020, and August 1, 2021, in addition to those incurring before June 10, 2020.
Debt restructing is expected to help enterprises overcome the impacts of Covid-19. |
The restructuring measures include interest and fee exemptions and reductions as well as repayment due date extensions.
The scope of restructuring on the obligations to repay the loan principal and/or the interest will be extended to June 30, 2022, instead of December 31, 2021, as originally stipulated.
Commercial banks will also have another six months, until June 30, 2022, to carry out the restructuring.
Bac Giang gives strength to production and business enterprises
(BGO) - Amid
difficulties caused by the epidemic, the provincial Social Security Agency has
created conditions for businesses to suspend payments to the retirement and
survivorship funds and reduce occupational accident and disease insurance
premiums, thereby helping support enterprises to quickly restore production and
business activities.
Bac Giang: 244 businesses arrange accommodation for workers at companies
(BGO) – Targeting to accelerate the
production value and ensure safety amid Covid-19 pandemic, many businesses in
Bac Giang province have arranged accommodation for workers at their campus.
Businesses at industrial parks tighten pandemic preventive measures
(BGO)
– Covid-19 pandemic has complicatedly developed in several provinces and cities
nationwide. Bac Giang province has two new hotspots. Though no more case was
detected in the industrial parks, the businesses have highly focuses on
synchronously implementing strict control solutions to prevent new outbreak.
Businesses regain growth momentum
(BGO) - Over the past two months, with the support of authorities
at all levels and relevant agencies, businesses in Bac Giang province have made
great efforts to overcome difficulties due to the impact of the Covid-19 epidemic
to restore production and business, returning to the new normal. To date, all
enterprises inside and outside the industrial parks have resumed operations, with
industrial production value growing quite well.
Effective "four safes" model in businesses
(BGO) - To prevent and control the Covid-19 pandemic in the new
situation, the principle of "four safes" under Directive 11, dated
July 28, 2021, of the Chairperson of the provincial People's Committee has been
thoroughly realised by authorities at all levels and sectors, thereby helping
businesses stay safe from the epidemic, and restore production and business.
Source: NDO
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