The government convenes regular press briefing on Friday

Deputy Minister of Planning and Investment Tran Quoc Phuong said disbursement of public investment has improved in the last ten months achieving more than 68% of the assigned plan. “The improvement proves the efficiency of solutions and policies that the government and the Prime Minister have implemented. This is an encouraging result in our socio-economic review in the first 10 months of 2020. We have 3 more months to disburse the remaining 32%. The Ministry of Planning and Investment hopes the disbursement rate in 2020 will be positive, particularly with strong determination of ministries, sectors, and localities.”

Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong said several measures have been implemented to reduce bad debts and help businesses overcome difficulties: The State Bank of Vietnam has issued a circular on restructuring debts and exempting and reducing interests rate and fees for those who are affected by COVID-19. We have asked credit organizations to join the effort to tackle difficulties for businesses and the public. As the COVID-19 pandemic continues to spread, we have assigned relevant agencies to evaluate the situation and work out response plans to ensure safety for the banking system and credit organizations.”

The Ministry of Labor, Invalids and Social Affairs promised to help businesses and workers affected by the disease and facilitated businesses to access loans of the Bank for Social Policies to pay salaries for workers.