Fiscal action to offer efficient support access

Fiscal action to offer efficient support access

To help achieve its desired economic growth target, the National Assembly Standing Committee is expected to sign off on a new fiscal initiative that will aim to benefit the business community and individuals. However, exactly how this scheme will spur on domestic production remains in question.
PetroVietnam offers support to poor households impacted by floods and storms

PetroVietnam offers support to poor households impacted by floods and storms

PetroVietnam has recently donated $14.26 million to the people of the central region who suffered from the recent storms and to poor households nationwide.
Businesses line up for further support

Businesses line up for further support

Continued facing with massive woes, the business community in Vietnam is in dire need of the government’s assistance for investors and enterprises to struggle through the global health crisis and grabbing new business and investment options in the country.
Further support enacted for strained enterprises

Further support enacted for strained enterprises

With the economy growing at the lowest six-month rate since 2011, the government is quickening practical support for enterprises to soon bring them out of difficulties as part of an effective measure to spur on economic growth for the whole year.
Business support from BAC A BANK

Business support from BAC A BANK

Locally-invested BAC A BANK is now strongly extending its financial support for businesses which are hurt by the health crisis. With a view to supporting enterprises in weathering difficulties caused by the COVID-19 pandemic, the bank is deploying a special programme on providing preferential loans, which will be vital fuel for their operations.
WB to continue supporting Vietnam on development path

WB to continue supporting Vietnam on development path

World Bank (WB) Country Director for Vietnam Ousmane Dione said the bank will continue supporting the Southeast Asian country on its development path at a meeting with Politburo member Nguyen Van Binh, head of the Party Central Committee's Economic Commission in Hanoi on June 10.
Banks urged to further support COVID-19 affected customers

Banks urged to further support COVID-19 affected customers

Governor of the State Bank of Viet nam Le Minh Hung has called on commercial banks to urgently simplify lending procedures to help COVID-19-affected firms easily access preferential interest rate loans.
Holistic support to reboot business

Holistic support to reboot business

After months of proposals, domestic and international businesses are expected to have an unprecedented online dialogue with the Vietnamese prime minister this week to discuss the most effective incentives to ease their difficulties and to fuel the economy in response to the battle against the coronavirus.
Commercial banks cut profit target amid COVID-19 pandemic

Commercial banks cut profit target amid COVID-19 pandemic

Many banks in Vietnam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic.
Shinhan Finance contributes VND1.2 billion to join hands to fight COVID-19

Shinhan Finance contributes VND1.2 billion to join hands to fight COVID-19

As the COVID-19 pandemic continues to evolve, Shinhan Vietnam Finance Co., Ltd. just announced multiple actions to support the nation’s efforts to protect the lives and livelihoods of the community, customers, and its workforce.    
Vietnam, Italy set up strategic partnership

Vietnam, Italy set up strategic partnership

Having enjoyed the sound friendship and remarkable developments in their bilateral relations, Vietnam and Italy agreed to establish a strategic partnership to further intensify their cooperation in the existing areas and expand it to new fields.
Working hard to win employees’ loyalty

Working hard to win employees’ loyalty

Vu Quang Hung, deputy director of the Hanoi Power Corporation, analyses how to encourage employee loyalty and abate labour turnover at Vietnamese businesses.
Businesses urgently need supporting industries

Businesses urgently need supporting industries

Supporting industries play a key role in developing other sectors but how to develop them effectively remains an open question.
SMEs are fighting for survival

SMEs are fighting for survival

There are radical changes in current business landscape compared to several months ago with scarce capital and growing stockpiles firms’ largest burdens at present, Vietnam Chamber of Commerce and Industry (VCCI) general secretary Pham Thi Thu Hang tells VIR.
Ha Tinh eyes greater investment

Ha Tinh eyes greater investment

Official development assistance (ODA) has been a very important financial source bolstering socio-economic development in poor provinces.
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