The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).
The grant will incentivize participating banks in Vietnam to restructure existing loans or extend new loans to at least 500 women-led small and medium-sized enterprises.
As of the end of the third quarter, Vietnam has around 93.78 million bank cards in circulation, in which the majority are magnetic cards.
A devaluation of the Vietnamese dong will disrupt and cause severe consequences to the local economy, said an expert.
This is the first time that the state-run bank claims the first spot in the stock market in terms of market capitalization.
Vietnam gives priority to a stable and sustainable trade-economic relation with the US, and will continue to work towards a harmonious and fair-trade relations under the bilateral action plan, stated the country’s central bank.
P2P is still outlawed in Vietnam and poses high risks for customers, including personal data leakage, cyberattack, or involves them in offenses such as money laundering and tax evasion.
The inflation in 2020 is forecast at 3.3%, significantly lower than the target of 4% set by the government.
Up to now, the number of businesses who can access preferential loans is very small. Many enterprises have been craving for banks’ loans to hold out until the pandemic is over.
Given a high-risk nature, losses are almost inevitable for investors in forex trading.