GOVT ROLLS OUT INTEREST-FREE LOANS FOR COMPANIES TO PAY SALARIES
The Viet Nam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, its deputy director, Bui Van Son, said.
TAX WATCHDOG AIMS TO BETTER MANAGE REAL ESTATE TAX TRANSACTIONS
The General Department of Taxation under the Ministry of Finance asked local tax departments to focus on inspecting tax declaration documents from enterprises and individuals involved in real estate to identify those who at high risk of tax avoidance so inspections can be carried out.
BANKS AGREE TO CUT LENDING RATES TO SUPPORT HARD-HIT BUSINESSES
Most banks have agreed to cut the lending rate for enterprises hard hit by the COVID-19 pandemic from this month until the end of this year. This consensus was reached during a meeting of 16 banks with the State Bank of Việt Nam on Monday.
REMITTANCES TO HCM CITY RISE BY 22.34% IN FIRST HALF OF 2021
Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City office, said the growth was impressive considering the difficulties posed by the COVID-19 pandemic.
POLICY CREDIT INCREASES 6.3 PER CENT IN FIRST HALF OF 2021
As policy credit increased 6.3 per cent in the first half of 2021, Vietnam Bank for Social Policies (VBSP) is committed to harmonising distribution resources for the effective implementation of policy credit programmes.
MORE OPPORTUNITIES THAN RISKS ON THE STOCK MARKET: EXPERT
Despite worries that Việt Nam’s stock market might correct in the near future after growing dramatically, experts believe that there are more opportunities than risks for investors.
CREDIT EXPANDS QUICKLY IN H1, CENTRAL BANK MIGHT CONSIDER CREDIT ROOM EXTENSION
With credit expanding quickly in the first half of this year, the State Bank of Việt Nam (SBV) said in its press conference on Monday that the credit growth target for the full year of 2021 at 12 per cent was within reach and it might consider extending credit room if necessary.
MULTITUDE OF OPTIONS ON TABLE FOR FURTHER TAX INTERVENTIONS
With the current outbreak still not entirely controlled, the government stands at a complicated crossroads as it needs to choose between further state budget security and continued support for the business community. Meanwhile, some black sheep are profiting from the current policies – an issue that would need to be remedied to free up resources for those in real need.
