From the end of September 2015, the social policy bank (SPB), Phu Yen province, has implemented giving loans to new households to get rid of poverty under the Decision 28/2015/QĐ-TTg of the Government. This is the great preferential credit program with great meaning, timely meeting the capital demands among poor households, helping them get rid of poverty in a sustainable way. Looking at the current immense new home of Mr. Vo Huu Khoi in Phong Nien hamlet, Hoa Thang commune (Phu Hoa district), hardly does anyone believe that less than 3 years ago, his entire family lived in a temporary degrading house which made everybody feel worried at the arrival of rain and strong winds.When the family was approved for a loan amount of 15 million dongs, Mr. Khoi bought one make cow to raise and sell meat. After selling the cow and paying off the debt to the bank, he asked for another loan to raise cows. Besides making loans for poor households, Mr. Khoi's family also made loans of supporting … [Read more...] about Adding strength to the new households to get rid of poverty
Get approved for a loan with bad credit
VAMC seeks approval for bad debt auction center
VAMC seeks approval for bad debt auction centerHong Phuc By Hong Phuc - The Saigon Times Daily HCMC – Vietnam Asset Management Company (VAMC) has plans to establish a bad debt auction center acting as the cornerstone for ushering in an official debt trading market in the country. VAMC has sent its petition to the Government. It has plans to build an information technology (IT) system for the center to facilitate bad debt monitoring and management, a source told the Daily. Initially, the center will offer debts and assets with a total book value of VND150-200 trillion. The center will be put under the management of VAMC. According to a leader of VAMC, the Government should give special power to VAMC to handle bad debts worth at least VND150 trillion that it has purchased. Meanwhile, relevant administering agencies should join hands with VAMC to tackle bad debts at credit institutions. The enterprise also wants to have funds to revise up its chartered capital soon, get approval for … [Read more...] about VAMC seeks approval for bad debt auction center
Firms aim to tap into consumer loan market
In Briefs (17-04-2009) Firms aim to tap into consumer loan market HA NOI — Societe Generale VietFinance Co Ltd opened its Ha Noi branch on Tuesday in a move to enhance its presence in Viet Nam. The company will provide consumer finance services, financing major consumer purchases such as motorbikes, home electronics and furniture without security. Monthly payments can be paid through a point-of-sale network set up with partner businesses. By offering such options, the company hoped to contribute to changing Vietnamese consumer habits, said general director Thien Nga Ngo Rocaboy during the opening ceremony. Construction begins on Vung Tau development BA RIA-VUNG TAU — Work on the VND800 billion (US$45 million) Bau Sen high-rise building project kicked off early this week in the southern province of Ba Ria - Vung Tau. Developed by the Urban Development and Construction Co (UDEC), the high-end development is being built on a total area of 10,000sq.m. Singapore bank opens … [Read more...] about Firms aim to tap into consumer loan market
No approval for bank without strategic partner
HA NOI — Vietcombank will not get the nod to issue shares in order to increase its charter capital until the bank finds a strategic foreign investor. "The message was implied in a document sent to Vietcombank from the State Bank of Viet Nam in a reply to our charter capital proposal," the bank chairman Nguyen Hoa Binh told Viet Nam News, adding that the bank would work more with the central bank with the charter capital plan. "Maybe, Vietcombank can't execute the plan this year, however, we will try our best to make it as soon as possible next year," said Binh. Governor Nguyen Van Giau was not available for immediate comments. In the proposal, Vietcombank said that it would issue nearly 112.3 million additional shares to existing shareholders as part of its plan to increase its charter capital this year. Existing shareholders will be eligible to buy additional shares at their face value of VND10,000 each, with a ratio of 9.28 shares per every 100 currently held. Following the … [Read more...] about No approval for bank without strategic partner
Key solutions for realizing socio-economic development plan
VGP - The Government has introduced its key solutions for directing the implementation of the social-economic development plan and State budget estimate in 2012. The following is the full translation of the solutions. RESOLUTION Key solutions for directing the implementation of the social-economic development plan and State budget estimate in 2012 Despite many difficulties and challenges in 2011, the national economy has, as guided by the sound leadership of the Communist Party and drastic measures taken by the Government, as well as fuelled by efforts exerted by sectors and agencies of all levels, the business community and people, moved positively and obtained an array of significant achievements in curbing inflation, stabilizing the macro-economy, and ensuring social welfare. These included an economic growth rate of at about 6%; agriculture developing stably; food output making a new record high; industrial production increasing fairly; service and tourism sectors continuing with … [Read more...] about Key solutions for realizing socio-economic development plan