Banking sector to support businesses in trying times

On Tuesday, commercial banks slashed interest rates in a coordinated effort to support businesses and customers who were affected by the novel coronavirus (COVID-19) outbreak. Director General of the Monetary Policy Department under the State Bank of Vietnam (SBV) Phạm Thanh Hà discussed the details of this plan.

HDBank joins fight against Covid-19

Fifteen banks and a finance company have donated VNĐ140 billion (US$8.5 million) to support the fight against the Covid-19 pandemic and help people suffering from drought and saltwater intrusion in rivers around the country.

Delay forecast for banks’ capital hike plans

The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the Covid-19 outbreak, analysts predicted.

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