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Vigilance in social distancing, testing, and quarantining is important to avoid a new wave of infections affecting lives and forcing new restrictive measures.

Many banks have reached their respective credit limits in the first nine months of 2021.

Banks’ profits are expected to decline by a total of VND20.6 trillion (US$908.3 million) until late 2021 due to business support schemes during the pandemic.

This resulted in trillions of dong being pumped into the economy and helped reduce the inter-banking lending rates.

Banks have foregone around VND31.4 trillion ($1.38 billion) in profits by lowering lending rates from January 23, 2020, to late October 2021.

Positive dynamics observed in October suggest continued pickup and strengthening of growth in the coming months.

Part of the World Bank’s US$321-million commitment is aimed to mitigate climate vulnerabilities in Vietnam’s biggest business hub of Ho Chi Minh City.

The move is part of a national strategy to promote non-cash payment in Vietnam in the 2021-2025 period.

This anniversary is about reaffirming ít commitment to giving more people greater access to the right information, advice, services, and solutions.

It is estimated that 27,000 people in six provinces of Vietnam will benefit from the project’s interventions, 70% of them are elderly.

A group of 16 commercial banks, accounting for 75% of total outstanding loans, has committed to foregoing around VND20.6 trillion ($906.3 million) in waiving and lowering interest rates for customers in the remainder of the year.

The move is set to be applicable to all debts incurred before August 1, 2021, instead of the previous timeline of June 10, 2020.

The aim is to improve stock market operations to attract investors and diversify funding sources for the growth of domestic enterprises, supporting sustainable economic development.

To become a digital powerhouse, Vietnam will need to offer the conditions that will enable its local operators to adopt and adapt to new global digital technologies.

The move is pending review and approval from regulators in Vietnam, Thailand, and Japan.

With such a move, customers would now have another six months to recover their business operations.