Hanoi (VNA) – The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has announced a 30 trillion VND (over 1.28 billion USD) credit package to support its customers to overcome difficulties amid the COVID-19 pandemic. The package includes exemptions and reductions of lending rates as well as extending and rescheduling debts for both businesses and individuals. Accordingly, 20 trillion VND (858 million USD) would be given to support firms to restructure their debts. In addition, Techcombank will also reduce interest rates for customers by up to 2 percent. It also committed to ensuring credit sources to support companies to resume business after the end of the pandemic. The bank’s household and individual customers can access a 10 trillion VND (429 million USD) support package including reduction of the lending rate of 2 percent and mortgages for buying and repairing houses in six to 12 months. Techcombank’s Managing Director cum Standing … [Read more...] about Techcombank offers 1.28-billion-USD package to supports firms
Airtricity offers for existing customers
Asked about the VND70-billion financial support package, GrabCar driver Nguyen Van Trieu, said that “I’ve worried a lot since Covid-19 outbreak. However, being a driver, I can’t refuse to transport passengers. Thanks to Grab’s this package, I feel much more secure.” … [Read more...] about Grab intensifies protection for driver-partners amid Covid-19
So, will this put the industry's rapid expansion in recent years into reverse? The sector certainly has one major problem that means it is likely to suffer more than other parts of the tourism and travel industries such as the airline sector - it has few friends in high places. … [Read more...] about Will we ever take cruise holidays again?