To date, 35 credit institutions have announced support packages totaling 405 trillion VND (16 billion USD) to continue lending to businesses and individuals affected by storms and floods, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong told a question-and-answer session at the 15th National Assembly’s eighth sitting on November 11.
Despite challenges prompted by the complex developments of COVID-19, Vietnam saw positive signals in foreign investment in 2021, according to an article published on the foreign investment consulting firm Dezan Shira & Associates’ Vietnam Briefing website.
Leaders of cities and provinces across the countries proposed that the Government and the Prime Minister continue speeding up decentralisation and the delegation of power to localities in parallel with suitable allocation of resources and strengthening of supervision and inspection during their online meeting with the Government on January 5.
Hanoi has provided assistance using the support packages of both the Government and the city for a total of 2.91 million people, labourers and households, with a combined amount of 1.16 trillion VND (50.9 million USD).
Although Vietnamese enterprises continue to do well amidst the COVID-19 pandemic, the Government should devise more drastic measures to remove bottlenecks for them to develop further, according to experts.
The Ministry of Planning and Investment (MPI) will prepare a report on the efficiency of existing and new policies and support packages for businesses amid the COVID-19 pandemic, to determine the most suitable for application in the short and long terms, Minister of Planning and Investment Nguyen Chi Dung has said.
Support packages from the Government and banks would contribute to partly reducing difficulties for enterprises affected by COVID-19, but stronger measures should be taken for the hardest-hit industries, experts said.
