BIDV offers assistance to individual customers amidst coronavirus outbreak
The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has announced a credit package worth 5 trillion VND (215 million USD) for its individual customers hurt by the acute respiratory disease caused by a novel coronavirus (COVID-19).
BIDV has announced a credit package worth 5 trillion VND (215 million USD) for its individual customers hurt by the coronavirus outbreak. (Photo: cafef.vn)
Hanoi (VNA) – The Joint Stock Commercial Bank for Investment andDevelopment of Vietnam (BIDV) has announced a credit package worth 5 trillionVND (215 million USD) for its individual customers hurt by the acuterespiratory disease caused by a novel coronavirus (COVID-19).
The capital is prioritised for customers operating in the fields ofagriculture, export and tourism.
Customers are able to take BIDV loans for production and trading ofagricultural products such as dragon fruit, watermelon, jack fruit and bananaas well as several aquatic products like tra, basa and cat fish.
The package also includes support for operators of restaurants and hotels, whileaiding those with trade activities with China.
Under the package, customers will enjoy a stable annual interest rate of 5.5percent in a maximum four months since the first disbursement.
The epidemic could cause losses of 5.9-7.7billion USD for the domestic tourism sector in the next three months, accordingto the Vietnam National Administration of Tourism (VNAT).
Thetourism sector has estimated a 90 percent decrease in the number of Chinesevisitors due to the disease, and a 50-70 percent drop in holidaymakers fromother countries. The number of domestic holidaymakers is also likely to suffera fall of 50-70 percent.
Besides, the countrycould lose up to 600 million USD of exports to China in the first quarterof 2020, the Ministry of Industry and Trade has warned.
In a forecast in thefirst regular cabinet meeting of the year, the ministry said it expected that exports to China in the first quarter could dropby 5-8 per cent compared to the same period last year. Such an estimate wouldinvolve the ongoing epidemic being put under control in less than three monthssince it began in late January./.
The outbreak of the acute respiratory disease caused by a new coronavirus (COVID-19) has resulted in a 20 percent drop in the number of the passenger flying via Vietnamese airports as compared to the same time last year, according to the Airports Corporation of Vietnam (ACV).
Vietnam has seen positive signs in the fight against the acute respiratory disease caused by the novel coronavirus (COVID-19), heard a meeting of the national steering committee for prevention and control of the disease on February 17.
Vietnam is doing very well in the fight against the acute respiratory disease caused by a novel coronavirus (COVID-19), including the repatriation of its citizens, Prime Minister Nguyen Xuan Phuc affirmed on February 17.
Over 100 citizens have returned home after 14 days in quarantine at a border military facility in the northern province of Lang Son following the coronavirus (COVID-19) outbreak.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
BIDV has announced a credit package worth 5 trillion VND (215 million USD) for its individual customers hurt by the coronavirus outbreak. (Photo: cafef.vn) 
