Illustration. (Photo: thanhnien.vn) Hanoi (VNA) – Regulators, civil society organisations and the private sector put forth various recommendations to strengthen financial resources to promote gender equality in Vietnam during a conference in Hanoi on August 17. They suggested ways to apply gender-responsible budgeting , ensure that the needs of women, men and others are fully considered throughout the budget cycle, and reinforce supervision by the communities, such as civil organisations and people, over public investment budget allocation from a gender perspective. The conference on “Strengthening Financial Resources to Advance Gender Equality in Vietnam” was held by the Ministry of Planning and Investment (MPI), the Institute for Development & Community Health (LIGHT) in collaboration with the UN Entity for Gender Equality and the Empowerment of Women (UN Women) under the UN Joint Programme on Supporting Vietnam towards the 2030 Integrated Finance Strategy for … [Read more...] about Vietnam seeks strengthening financial resources to advance gender equality
Financial
Banks should tighten assessment controls of their corporate bonds investments – experts
Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks should tighten assessment controls of their corporate bonds investments – experts
Why do workers opt for HD SAISON’s loan package?
HD SAISON has unveiled a preferential loan package of VND10 trillion (US$429.78 million) for workers at industrial parks across the country with the stated goal of protecting them from loan sharks. — Photo courtesy of the company HD SAISON, a subsidiary of HDBank, has earmarked a loan package of VND10 trillion (US$429.78 million) at half the market interest rate for workers at industrial parks across the country. Through this, it hopes to help the government stabilise the economy and ensure social security, and protect workers from loan sharks. Workers expressed happiness on hearing about the package. HD SAISON will lend from this package until the end of 2023 at an interest rate of 20 per cent a year compared to the normal rate of 40-50 per cent. Borrowers can roll over their loans for several years. For the sake of workers An HD SAISON spokesperson said the company was honoured to be chosen by the Government and the State Bank of Vietnam as one of two consumer finance … [Read more...] about Why do workers opt for HD SAISON’s loan package?
