The banking industry provides VND 1,300 billion in support for the prevention and control of the Covid-19 pandemic
On the evening of June 5, at the launching ceremony of the Vaccine Fund for Covid-19 Prevention and Control, Standing Deputy Governor of the State Bank of Vietnam Dao Minh Tu presented the industry's support amount of VND 1,300 billion, of which 700 billion is to contribute to the Vaccine Fund, etc.
At the launching ceremony of the Vaccine Fund for Covid-19 Prevention and Control on the evening of June 5, many individuals, businesses, agencies and organizations across the country and abroad donated money to the fund, total amount in the trillions of dollars.
The banking industry alone has donated a total of VND 1,300 billion for the prevention and control of the Covid-19 pandemic, of which the amount to support the Vaccine Fund is VND 700 billion. On this occasion, the Vietnam Bank for Agriculture and Rural Development of Vietnam (Agribank) donated VND 60 billion.
Previously, on May 31, 2021 in Hanoi, the State Bank of Vietnam held a launching ceremony to support the Covid-19 pandemic prevention and control fund.
At this ceremony, the Governor emphasized that since 2020 at the time when the Covid-19 pandemic began, spread and started a profound impact on all aspects of socio-economic life, the banking system joined hands and implemented many solutions to support businesses and people to overcome difficulties in production and business activities.
The banking industry has also paid special attention to social security work and provided a lot of support for the prevention and control of the Covid-19 pandemic. In 2020, the banking industry provided about VND 300 billion in support.
Along with that, the Governor also issued a document requesting credit institutions and foreign bank branches to urgently consider and implement the free-fee money transfer policy for transactions of organizations and individuals made to those account numbers receiving donations for the Vaccine Fund for Covid-19 Prevention and Control.
- Governor: Will increase credit limit for banks
- BVSC: Credit demand may increase, the State Bank would provide more room extension
- SSI Research: increasing remittances at the end of the year will help stabilize the exchange rate
- SBV: Directing credit flows to manufacturing and priority sectors
- The State Bank of Vietnam extends the debt restructuring period for another 6 months
- SSI: Credit growth in August will not be too positive
- Eight months, credit increased by 7.4%
- In the first 7 months of the year, Ho Chi Minh City credit grew by 5.9%
- Credit flows strongly into industrial zones
- The SBV may continue to cut policy interest rates if GDP growth is negative in the third quarter