State bank of vietnam

Bangkok (VNA) – Thailand’s new economic package to mitigate the impact of the COVID-19 pandemic will be worth about 10 percent of its gross domestic product (GDP), Deputy Prime Minister Somkid Jatusripitak has said. Deputy PM Somkid stated that the package will cover all economic sectors for at least the next six months. If possible, final approval will be sought from the cabinet on April 7, he added. He did not give a specific value for the package, but the GDP of Southeast Asia’s second-largest economy last year was 16.88 trillion baht (512.76 billion USD). The measures will be partly financed by the fiscal budget and borrowing, he said. The latest package follows last month’s two sets of stimulus measures together worth more than 500 billion baht. The Bank of Thailand (BOT) expects the country’s economy to contract 5.3 percent this year, the worst since the 1998 Asian financial crisis./. … [Read more...] about COVID-19: Thailand’s new economic package to be worth 10 percent of GDP

Hanoi (VNA) – Permanent Cabinet members deliberated the social welfare package for people affected by the COVID-19 pandemic during their meeting in Hanoi on April 5.  In his remarks, Prime Minister Nguyen Xuan Phuc said the Government and the entire political system have devoted workforce, time and wisdom to the fight against the disease, which has brought initial results. Apart from declaring a nationwide epidemic, a range of essential measures have been employed across the country to combat the disease, he added.  The leader said the Government has spent time discussing the social welfare package in order to soon provide the assistance for those in difficult circumstances, stressing that after the package, the Government will focus on removing difficulties in production and businesses and accelerating the disbursement of public investment.  Through different measures and resources, the State must seek ways to support vulnerable groups, he emphasised.  … [Read more...] about Government looks into social welfare package for pandemic-affected groups

In addition, hi-tech agricultural production works such as glass houses and shade net houses have not been granted with ownership certificates of properties associated with land. That has raised difficulties for businesses and residents in mortgaging the properties for bank loans. … [Read more...] about SBV reports difficulties in hi-tech agriculture loaning program