SMEs struggle to access credit support package

Small and medium sized enterprises (SMEs) are finding it difficult to access the government's credit package worth VNĐ250 trillion (US$10.7 billion) to support those affected by the COVID-19 outbreak because of a lack of trust in their ability to repay.

Ministry approves 10 per cent to power bills cut

The Ministry of Industry and Trade (MoIT) has decided to cut power bills for businesses and households by 10 per cent over the next three months to ease their difficulties amid the COVID-19 pandemic.

VN stocks gain slower on profit-taking

Growth softened on the Vietnamese market on Monday as investors sought for profits in some large-cap stocks while retailers, financials and energy firms benefited from a strong purchasing power.

SCIC asked to focus on key sectors

Deputy Prime Minister Trương Hòa Bình has asked the State Capital Investment Corporation (SCIC) to focus its investments on key sectors of the economy to boost efficiency and contribute to socio-economic development.

HCM City tax revenues fall well short of target

HCM City’s daily tax revenues have fallen by 31 per cent in the first quarter of this year because of the Covid-19 pandemic, the chairman of its People’s Committee, Nguyễn Thành Phong, has said.

Credit card defaults a risk during COVID-19

Experts have warned that consumers may soon start defaulting on their credit card payments due to rising unemployment and salary cuts in many industries and sectors in the wake of the COVID-19 outbreak.

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