Commercial banks ask for more mechanisms to support interest rate cut

Commercial banks ask for more mechanisms to support interest rate cut

Although the State Bank of Vietnam (SBV) has had the policy to reduce interest rates and extend the repayment period to support enterprises in the restoration of production and business activities, many commercial banks said that there should be more mechanisms for implementation.
The task of land compensation payment has a great effect on the completion of transport construction projects. Photo by Cao Thang

Mechanism to reduce land-related project duration in HCMC suggested

Recently, many land-related projects have been behind schedule due to complications and limits in compensation and resettlement tasks. As a result, the Ho Chi Minh City (HCMC) People’s Committee put forward a proposal to the Prime Minister to allow a ‘special’ mechanism in the city in order to decrease the project time of several current projects here.