The State Bank of Vietnam (SBV) sought to further cut interest rate in an effort to boost the country's economic recovery, said its deputy-governor Nguyễn Thị Hồng in an SBV's press conference held by yesterday in Hà Nội.
Universities have developed a variety of assistance programmes to help students access higher education, including loans, scholarships, and housing and food aid.
Though the deposit interest rates of commercial banks have been reducing, people are still putting their money into banks amid the pandemic.
The new wave of Covid-19 infections has caused heavy pressure on the country’s economy. In this uncertain context money flows into the stock market have turned towards firms with good financial capability, reliable operations and attractive dividend policies.
The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 per cent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.