Shireen sector 19

Hanoi (VNS/VNA) - Banks cut interest rates for loans worth more than 1.12 quadrillion VND (49 billion USD) of nearly 322,190 borrowers affected by the COVID-19 pandemic as of May 11, a State Bank of Vietnam (SBV) report showed. The banks also extended debt payment deadlines for another 215,136 borrowers with total loans of nearly 137.94 trillion VND. New outstanding loans totalling nearly 600 trillion VND with interest rate reductions of 0.5-2.5 percentage points per year were also offered to nearly 190,000 borrowers. Of the total, the Vietnam Bank for Social Policies extended the debt payment deadline for 3.65 trillion VND in loans of 141,909 borrowers and offered new preferential interest rate loans of 21.2 trillion VND to 519,342 borrowers. The SBV has also transferred 16 trillion VND to the Vietnam Bank for Social Policies, so employers can borrow non-collateral loans with a zero percent interest rate to pay salaries to their employees who have been furloughed due to … [Read more...] about Banks cut interest rates for borrowers affected by COVID-19

Vietnam economy accelerates to get back to normal state With the resumption of key economic sectors' activities, such as manufacturing, services and retail, Vietnam’s economy is accelerating to get back to its normal state. … [Read more...] about Vietnam’s economy likely to have V-shaped recovery after Covid-19: SSI

Thu Thao, an HR manager at a real estate firm, said the firm is still recruiting workers, mostly for posts of construction supervisors because the firm is trying to speed up projects in some provinces. However, it has stopped recruiting business and marketing officers to optimize costs in the difficult period. Thu Thao, an HR manager at a real estate firm, said the firm is still recruiting workers, mostly for posts of construction supervisors because the firm is trying to speed up projects in some provinces. However, it has stopped recruiting business and marketing officers to optimize costs in the difficult period. … [Read more...] about Job opportunities diminish in many fields after COVID-19

The matrix included countries and territories' economic outcomes, including the benchmarks of GDP, unemployment and fiscal stimulus packages and health outcomes based on testing, infection and death statistics provided by health ministries and government authorities and graphed by Worldometer and Johns Hopkins University. … [Read more...] about Vietnam best Covid-19 fighter in the world: Politico

Phnom Penh (VNA) – About 55,000 garment-textile workers and 4,300 others working in the tourism sector in Cambodia, who have become jobless by the COVID-19 pandemic, each will receive monthly financial support worth 40 USD through their Wing Specialised Bank accounts next week. The Ministry of Labour’s spokesperson Heng Sour said the government has already allocated its budget to 126 factories and 53 hotels that have registered for support to their workers, the Khmer Times reported. According to the Ministry of Economy and Finance, approximately 300-350 million USD has been delivered to different economic sectors. Meas Sok Sensan, spokesperson of the Ministry of Economy and Finance, said that this fund is not only for workers who have lost jobs but also for poor families affected by the economic downturn. Figures unveiled by the Garment Manufacturers Association in Cambodia showed that 180 factories have suspended their operations and 60 others are also in the … [Read more...] about Cambodian workers affected by COVID-19 to receive support