The Delta variant of Covid-19 has dealt a severe blow to the recovery efforts of Vietnam’s aviation sector. Airlines are struggling to maintain liquidity and are borrowing additional working capital to overcome the difficulties.
According to the General Statistics Office, total State budget revenue year-to-date as of July 15 stood at VND819.4 trillion ($35.87 billion), while total State budget expenditure during the period was VND757.5 trillion ($33.16 billion).
Commercial banks have agreed with a State Bank of Vietnam policy on reducing lending interest rates by 0.5 to 2.5 per cent per annum, with the average reduction being about 1 per cent.
According to the SSI Securities Company (SSI Research), Vietnam’s stock market has a positive outlook in the long term and in 2022 will remain among the most attractive.