Banking & Finance

Proparco (the French Development Finance Organization) has granted a $50 million loan to HDBank to finance green projects for sustainable development.

Solutions to reopen the economy, support businesses to recover production, and loosen credit or lower interest rates are good news for the stock market, which may recover strongly in the fourth quarter of 2021.

Real estate stocks have been lackluster performers in recent times. The Viet Dragon Stock Company (VDSC), however, believes they will see a clearer recovery from the first quarter of next year.

The government has directed the State Bank of Vietnam to refund transaction fees for employers who have taken out loans from the Vietnam Bank for Social Policy to pay salaries.

The Ministry of Finance has proposed reductions of 50 per cent to certain fees in the field of atomic energy. It has also reduced 30 other fees and charges to the end of the year, totaling some VND2 trillion ($87.85 million).

Vietnam is still in a monetary easing period due to the negative impact of Covid-19. However, by increasing money supply, the Vietnam Dong (VND) will depreciate, to the detriment of foreign investors in the country. Import-export businesses also need to take into account the risks when exchange rates change.