Illustrative photo.

Obstacles in disbursement of support package

The State Bank of Vietnam has announced adjustment of credit limit for 2022 for fifteen commercial banks by 1 percent to 4 percent, and at the same time requested banks to step up disbursement of the 2-percent interest rate support package as per Decree 31/2022/ND-CP. 
Enterprises receive many export orders in new year

Enterprises receive many export orders in new year

On the first days of the new year 2022, many businesses have accelerated production to meet orders of millions of US dollars. Many of them even have planned to expand their production scale to receive orders that are moving from countries in the region to Vietnam.
Covid-19 patients entering Vietnam in HCMC will be transferred to Field Hospital No.12 in Thu Duc City

HCMC has 88 Omicron variant infection cases so far

The Ho Chi Minh City Steering Committee for Covid-19 Prevention and Economic Recovery yesterday held a regular meeting to update the pandemic status in the city as well as matters related to the upcoming Tet Holiday.

SIHUB organizes various activities to support innovative startups, attracting a large number of participants. (Photo: SGGP)

Vietnam to use institutional leverage to boost innovative startup

Important documents of the 13th Party Congress for the first time has identified science-technology and innovation as a strategic breakthrough for the national development. This is the foundation for the creation of a friendly environment to maximize the values from startup activities and scientific knowledge of the community.

Largest-ever support package to strengthen farmers

Largest-ever support package to strengthen farmers

The Government has just submitted a support package of VND350 trillion (US$15.43 billion) for socio-economic recovery and development to the National Assembly. This is the largest stimulus package in history up to this point, with the expectation that the entire economy will overcome the pandemic, ensuring that no one is left behind.
Scale of support package must triple

Scale of support package must triple

The Ministry of Planning and Investment has just submitted to the Government a program for economic recovery and development after the Covid-19 pandemic. The scale of the program calls for a package of VND800,000 billion, about 10 percent of the GDP, and 3.5 times higher than the 2021 support package. 

Director of HIDS suggests spending up to VND40 trillion to support businesses

Director of HIDS suggests spending up to VND40 trillion to support businesses

Vietnam has suffered huge economic losses in the past two years. In 2020, economic growth was expected to be 6.8 percent, but it was only 2.9 percent for the whole year. In 2021, the economic growth target is 6 percent, but the actual achievement will possibly be not higher than 3 percent. It means that within two years, the country has lost about 7 percent of its GDP (GDP is currently about US$343 billion), equivalent to a loss of nearly $24 billion. Mr. Tran Hoang Ngan, Director of the HCMC Institute for Development Studies (HIDS) stated.