Private investment banks

Leaders of private commercial banks also said the bad debt situation was being improved. Nguyen Dinh Tung, General Director of OCB, said bad debt tended to decrease compared to the mid-2020 period. Enterprises were recovering quite quickly with the pandemic controlled. … [Read more...] about Banks to make provisions for COVID-19 affected loans this year

HCM City (VNA) - Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come. This view was shared at the India-Vietnam Investment Forum, held jointly by the Indian Consulate General in Ho Chi Minh City, the Private Economic Development Research Board, the Investment & Trade Promotion Centre of HCM City, and VinaCapital Group on January 22 in HCM City. Don Lam, deputy head of the Private Economic Development Research Board and CEO of VinaCapital, said Vietnam’s private sector continues to expand despite the COVID-19 pandemic. Nearly 135,000 new enterprises with combined capital of 2.2 quadrillion VND (95 billion USD) were set up last year, a 29 percent increase in registered capital compared to 2019. Vietnamese businesses, both large and small, are ready for economic recovery and development, he said, adding … [Read more...] about India-Vietnam Investment Forum held in HCM City

One of the key challenges that SMEs in Vietnam continue to face is limited access to credit. Recent research on SMEs in Vietnam conducted by John Rand and Finn Tarp at the University of Copenhagen found that about 25 per cent of SMEs face credit constraints and that the demand for credit among small businesses is 115 per cent greater than supply. … [Read more...] about Caution urged for SME fund processes

But then all of their money ran out and Hung had to go home. At the end of the year, the pain worsened and Hung was admitted to Nghe An Oncology Hospital. Unfortunately, a short time later, all three of her children fell ill with fever, seizure and coughing and had to be sent to hospital. The smallest is just over three months old and the oldest is 5 years old. "My oldest child fell sick and was admitted to the hospital. Then just a few days later, all of my children were sick. My mother is also sick and being treated at the provincial hospital," she said. "My children often ask for their father. Sometimes I feel so helpless and scared of the future. But I know I have to stay calm for my husband." If you can help please donate through: 1. Code 3996: Nguyen Thi Thanh from Village 8, Quynh Thanh Commune, Quynh Luu District, Nghe An Province. Tel: 0932.459.352 2. Dantri/DTiNews No. 2/48 Giang Vo Str., Dong Da Dist., Hanoi Tel: 024. 3. 7366.491/ Fax: 024. 3. 7366.490 Email: … [Read more...] about Woman calls for help for ill husband and children

On a final note, the article lists recommendations from the Bank for International Settlements (BIS) and global pioneers in closely monitoring commercial banks in crypto-related activities to prevent risks from outside channels. Such activities include but not limited to the direct issuance or ownership of cryptocurrencies, loaning out cryptocurrencies, and using cryptocurrencies as collateral. … [Read more...] about Vietnam to consider legal framework for cryptocurrency