Covid-19-Pandemic

The central bank will continue to monitor actual economic situation and that of the pandemic to expand credit support appropriately.

Domestic travel resumed in a number of provinces/cities as a result of the country’s effective Covid-19 containment is a major boost for sales figure.

Among US’ leading suppliers of textile and apparel, China continues to lose its market share (33% in 2019 to 28% in 2020) while Vietnam is the largest gainer (13% to 15%).

Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.

The issues include the finalization of legal framework for greater state management efficiency, and dissatisfaction from the people and enterprises in a certain number of aspects.

Vietnam would be the second fastest growing economy in ASEAN.

The auctioning of land use rights in Hanoi is to ensure efficient utilization of land funds and meet the growing demand for lands of the people and enterprises.

Vietnam would restructure the services sector based on modern technologies under the Industry 4.0, especially in fields of finance-banking, insurance, healthcare, education, transportation, trade and tourism.

The no-interest loan is aimed to help the state-owned airline mitigate negative impacts of the Covid-19 pandemic.