Loans for individuals and businesses in HCM City affected by COVID-19 will have their interest rate cut by 2 per cent under a Government resolution.

The northern province of Bắc Ninh on Thursday officially licensed electronics manufacturer Goertek Vina to raise investment in its facility at Quế Võ Industrial Park to US$565.7 million from $260 million.

Thanks to controlling the COVID-19 epidemic and reopening in a timely manner, Long An Province has managed to attract foreign direct investment in the first two months of this year.

Bank depositors are happy while firms are worried, as savings interest rates are increasing significantly in the last months of the year.

To promote better financial access among female-led small and medium-sized enterprises, a US$75 million loan fund has been agreed upon.

The State Bank of Vietnam (SBV) expects new draft regulations on debt purchase and sale of credit institutions will prevent the institutions from hiding bad debts.

EU investments in Vietnam rose by US$483 million year-on-year in the first nine months of this year to $22 billion despite the Covid-19 pandemic.

Vietnam is set to keep its public debt under control this year at 43.7 percent of GDP, against the cap of 60 percent.