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.
HUBA: Enterprises already exhausted, in dire need of financial support

HUBA: Enterprises already exhausted, in dire need of financial support

According to Mr. Chu Tien Dung, Chairman of the Ho Chi Minh City Union of Business Associations (HUBA), the resources of enterprises have been exhausted, and they no longer have enough capital to restore production quickly. Therefore, businesses need mechanisms and support policies to remove difficulties for economic recovery and development in the coming time.
Interest rate cut not as expected

Interest rate cut not as expected

Many commercial banks have announced a 0.5-3 percent cut in lending interest rates and many policies to support customers affected by the Covid-19 pandemic. However, feedback from individual customers in Ho Chi Minh City shows that banks have refused to aid them, even when they are in blocked areas and need priority.
NA Committee gives Covid-19 support package worth VND848 mln to HCMC

NA Committee gives Covid-19 support package worth VND848 mln to HCMC

The Standing Board for the Vietnam Fatherland Front Committee of Ho Chi Minh City yesterday held a ceremony of receiving and handing over a support package including cash, essential goods and stuff, critically-needed medical equipment and supplies donated by the Committee for Social Affairs under the National Assembly to the agencies, units, hospitals and residents in the city.
Chairwoman of District 5 People’s Committee Truong Minh Kieu is delivering a social security package to a household in Ward 14.

HCMC ensuring social security to all residents via innovative policies

Ho Chi Minh City is still in its shelter-in-place period, leading to life of many citizens turning more troublesome. As directed by Secretary of HCMC Party Committee Nguyen Van Nen, the municipal authorities are doing their best to make sure each resident here receive the highest social security level possible. These leaders have shared with Sai Gon Giai Phong Newspaper positive achievements from the latest innovative policies implemented in the city.

Interest rates gradually decrease

Interest rates gradually decrease

The wave of interest rate cuts has been activated, and it is forecasted that the interest rate level will remain low from now until the end of the year to support businesses and the economy amid the context that the Covid-19 pandemic prolongs as currently.
Dwellers in Quarter 7 of An Khanh Ward in Thu Duc City received support packages in the pandemic. (Photo: SGGP)

HCMC promises to deliver support package to each resident in need

The Covid-19 pandemic has made many a large number of people living in Ho Chi Minh City, especially those from other provinces, face so many financial difficulties. The municipal authorities have tried all ways to offer both physical and spiritual help to those vulnerable individuals. In reality, however, there are still cases that have not received sufficient support. A collaboration between the localities and communities is they key to cover all emergency situations.

 

Chairman of HCMC People’s Committee Nguyen Thanh Phong delivers support packages to poor households in Nha Be District. (Photo: SGGP)

HCMC will deliver aid to all in need: Chairman Nguyen Thanh Phong

A month has passed since the first day Ho Chi Minh City applied Directive 16. In an interview with SGGP Newspaper, Chairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong affirmed that the municipal authorities will mobilize all possible resources, even from the reserved city budget, in order to ensure social security to all city dwellers.

Enterprises need urgent support

Enterprises need urgent support

More than 12,000 enterprises have to leave the market every month. Not to mention that in the past two months, when the situation of the Covid-19 pandemic became complicated, many enterprises had to temporarily suspend operations because they failed to ensure the three-on-site production and the work of transporting workers from their residences to the workplace.