The State Bank of Việt Nam made a net cash withdrawal worth VNĐ86 trillion out of the economy through open market operations (OMO) from January 20 to February 14.
The National Payment Corporation of Vietnam (NAPAS) announced exemptions and reductions on service fees on electronic switching for local banks.
Property industry insiders said the State Bank of Việt Nam’s decision to tighten credit would mean pain in the short term for developers but help the sector develop sustainably over the long term.
In response to the State Bank of Việt Nam’s appeal, a number of credit institutions have announced plans to support businesses affected by the novel coronavirus epidemic.
The State Bank of Việt Nam has asked credit institutions to prepare capital sources to meet borrowing demand and provide support to customers who have been affected by the coronavirus epidemic.