VOV.VN - A number of small and medium enterprises (SMEs) in Ho Chi Minh City, the largest coronavirus hotspot in Vietnam, have urgently called for immediate assistance from the Government in order to help them cushion the impact caused by the COVID-19 pandemic.

Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impact of the COVID-19 pandemic.

The Vietnam Aviation Business Association (VABA) has sent a document to the Governor of the State Bank of Vietnam (SBV) requesting support for domestic airlines.

The Ministry of Planning and Investment (MPI) has consulted community businesses to develop the Government's resolution on supporting businesses during the COVID-19 pandemic.

The liquidity of the banking system has risen recently, helping cool interbank interest rates.

The State Bank of Vietnam (SBV) will continue directing commercial banks to reduce interest rates for customers affected by the COVID-19 pandemic, said Deputy Governor Dao Minh Tu at the Government’s press conference on August 11. ​

The Vietnam Bank for Agriculture and Rural Development (Agribank) on July 15 said it will cut lending rates in Vietnam dong for the fifth time.

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.

The Vietnam Association of Financial Investors (VAFI) has proposed gradually lowering the VND deposit interest rate to zero percent.

The Government has issued a new decree aiming to promote the development of social housing.