The Ministry of Finance has proposed reductions of land rental fees by up to 30 per cent in 2024 which will help businesses to save around VNĐ4 trillion (US$162.57 million).
To date, 32 out of 40 commercial banks have registered to provide a total of VNĐ405 trillion (US$16.43 billion) in preferential loans with rates up to two per centage points lower to support customers who were affected by the Typhoon...
A specific regulatory framework for renewable energy development is needed to encourage private capital flows into this sector in Việt Nam, including HCM City, a forum heard in HCM City on September 20.
Quảng Ninh, one of the main locations for aquaculture in Việt Nam, particularly in marine farming was severely damaged by Typhoon Yagi. Hundreds of fish farms were destroyed and local farmers hope to secure loans to help them recover.
Any firm meeting the set criteria will be eligible for support from the investment support fund, Deputy Minister of Planning and Investment Nguyễn Thị Bích Ngọc said.
Though the credit growth rate last year was lower than in 2022, disbursement was redirected into the city’s key production, trading and services sectors.
The investment support fund aims to stabilise the investment climate, encourage and attract strategic investors and multinational enterprises as well as support domestic companies in prioritised sectors.
Improving the start-up ecosystem became necessary for Việt Nam, in which centres for innovation and entrepreneurship would play the core role in raising, exploiting, linking and optimizing resources from both the domestic market and abroad.