Real estate businesses in Ho Chi Minh City are gingerly reopening, mostly consulting and carrying out transactions online due to the COVID-19 prevention and control regulations still in force.

The banking sector will provide enough credit to businesses at supportive interest rates this quarter to help revive them, according to the State Bank of Vietnam’s Ho Chi Minh City branch.

The Japan International Cooperation Agency (JICA) on October 20 signed a US$75 million loan agreement with the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) to promote financial access among women-led enterprises through the Private Sector Investment and Finance (PSIF).

Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.

Private airlines have requested access to 0% interest loans, similar to the support Vietnam Airlines (VNA) - the country's flag carrier - is entitled to, heard a meeting among the State Bank of Vietnam (SBV), commercial banks and the airlines.

The State Bank of Vietnam (SBV) is consulting on a draft circular for incentive policies to support firms with access to bank loans to overcome difficulties in 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.

Minister of Planning and Investment Nguyen Chi Dung has said low disbursement of public investment capital amid the COVID-19 pandemic could waste resources and result in the loss of opportunities to create a driving force for economic development.

VOV.VN - Prime Minister Pham Minh Chinh has moved to sign a dispatch outlining a range of measures aimed at accelerating the disbursement of public investment during the remainder of the year.

The Vietnam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, its deputy director Bui Van Son has said.