TO SPEND 250 TRILLION OF CREDIT SUPPORT FOR ENTERPRISES AFFECTED BY THE COVID-19 EPIDEMIC
This content is prescribed by the Prime Minister in the Directive No. 11/CT-TTg on urgent tasks and solutions to remove difficulties for production and business ensure social security in response to the Covid-19 epidemic dated March 04, 2020.
In order to prevent, control and minimum the impact of the Covid-19 epidemic, remove difficulties for production and business, implement socio-economic development tasks, the Prime Minister requests Ministers, Heads of ministerial-level agencies, Chairpersons the People's Committees of provinces and municipalities and enterprise community to:
Firstly, the State Bank of Vietnam needs to timely apply supportive measures such as rescheduling time limit of payment, exemption and reducing of paying interest rate, keeping the debt group, reducing fees... for customers who are in difficulties due to the effects of the Covid-19 epidemic (firstly, the credit support package is about VND 250 trillion).
Next, the Prime Minister requires the Vietnam Social Insurance to preside and coordinate with relevant agencies to guide the suspension of contribution of social insurance for subjects affected by the Covid-19 epidemic until the end of June or December, 2020 and the interest of such late payment shall not be applied.
Noticeably, the Ministry of Industry and Trade is responsible for strengthen inspecting and strictly handling cases of smuggling, commercial fraud and speculation on goods, causing artificial scarcity, counterfeit goods and pirated goods in the market, especially essential commodities in epidemic prevention and control such as masks, dry hand sanitizers, and medical supplies. Besides, the Ministry of Industry and Trade needs to coordinate with the Ministry of Finance to continue ensuring customs clearance, support border provinces to facilitate goods clearance activities.
