Businesses

Banks’ support for the economy would help realize the GDP growth target of 6-6.5% for this year.

Timing is essential for support programs to be effective.

Extending land rental fees and taxes payment deadlines are among key measures from the Government to support businesses and individuals during the pandemic.

While many companies are eager to expand production activities to keep up with deadlines, they remain cautious in preventing possible infections.

Many fees and taxes will be waived for businesses and people affected by the pandemic in the remainder of the year.

Vietnam is expected to transpose the country’s commitments in free trade agreements into law in compliance with international practices.

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.

Hanoi is expected to ease restriction measures after September 21.

The move is aimed at supporting the Vietnamese Government’s efforts and businesses in sustainable development.

The support comes at a time when the Covid-19 situation remains serious in Hanoi, negatively affecting businesses operation.