The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30%.

Companies in the supporting industry will get an interest rate subsidy from next year in an effort to promote the development of the part-supply industry, said Pham Tuan Anh, Deputy Director of the Industry Agency under the Ministry of Industry and Trade.

Outstanding loans in Vietnam exceeded VND8.79 quadrillion (US$378.74 billion) as of November 17, an increase of 7.26% from the end of 2019, according to the State Bank of Vietnam (SBV).

Banks in Ho Chi Minh City are focusing on measures to mitigate the difficulties faced by businesses due to the COVID-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.

The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic.

The State Treasury of Vietnam raised VND15.75 trillion (close to US$675.3 million) at the latest auction of G-bonds held by the Hanoi Stock Exchange (HNX).

The Ministry of Culture, Sports and Tourism has asked Prime Minister Nguyen Xuan Phuc for urgent support for tourism businesses impacted by the second wave of COVID-19.

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.

The State Bank of Vietnam (SBV) on August 6 announced its decision on cutting some policy rates with immediate effect, the second time this year following the adjustment on March 16.