HCM City (VNA) - Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20. Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu considered abolishing black credit as one of the important tasks that has been continuously implemented across the whole credit institution system in Vietnam. In recent years, the SBV and credit institutions in localities have been cocoordinating with the Ministry of Public Security and local authorities in implementing drastic measures to limit black credit. In the future, the SBV will continue improving the awareness of local people about credit policies, loan packages and procedures for loan applications so that local people could easily access bank loans. Meanwhile, the State Bank will study and soon complete legal documents … [Read more...] about Promoting consumer finance to fight black credit: experts
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People always put at centre of Party and State’s policies, decisions
Hanoi (VNA) – The Party and the State have pursued a consistent policy of ensuring social welfare for people, as reflected through a raft of Party documents, National Assembly resolutions, strategies, plans, projects and programmes of the Government. Social welfare activities have been rolled out in different sectors, from health care to education, insurance, employment and poverty reduction. In 2020 when millions of labourers were affected by the COVID-19 pandemic, and natural disasters battered many provinces and cities, the Party and the State adopted multiple countermeasures. The Party and the State consistently protected human rights and people’s health and lives with strong and humanitarian policies and decisions. Meanwhile, the Government proposed the legislature issue solutions and fiscal policies to remove difficulties in production, business and social welfare. Notably, a package worth 62 trillion VND (2.66 billion USD) has been implemented to support … [Read more...] about People always put at centre of Party and State’s policies, decisions
VinFast introduces self-driving car models
VinFast, a unit of Vietnam’s biggest private conglomerate Vingroup, entered the auto industry three years ago. It has an auto plant in the northern province of Hai Phong and research and development centers in Australia, Germany and the U.S. … [Read more...] about VinFast introduces self-driving car models
Record number of delegates to attend 13th National Party Congress in Hà Nội
“When setting out a vision and orientations for the country’s development, we don’t just draw up plans for the next five years but a vision and orientations towards the middle of the century, with the desire to unleash the strength and will of the Vietnamese people to successfully build the socialist cause and protect the Socialist Republic of Việt Nam in the new context,” Thắng stressed. … [Read more...] about Record number of delegates to attend 13th National Party Congress in Hà Nội
Vietnam’s digital economy to reach US$14 billion this year
The coronavirus brought about a permanent and massive digital adoption spurt, with more than one in three digital service consumers (36 percent of total) new to the service. Of the number, 90 percent intend to continue their newfound habits post-pandemic, it said. … [Read more...] about Vietnam’s digital economy to reach US$14 billion this year