Nguyen Thi Hong, deputy governor of the central bank, noted that of the State’s Covid-19 relief package worth VND62 trillion, the SBV transferred VND16 trillion to the Vietnam Bank for Social Policies, so employers can borrow non-collateral loans with a zero interest rate to pay the salaries of employees who have been furloughed due to the pandemic. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers
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Vietnam’s credit institutions must speed up restructuring to meet deadline
The SBV’s statistics showed that by June 2020, the bad debt ratio of the CI system was below 2 percent so the ratio of the whole year may reach the target of below 3 percent set in Decision 1058. From 2012 to the end of March 2020, the entire CI system handled more than 1,000 trillion VND (43.48 billion USD) of bad debts. … [Read more...] about Vietnam’s credit institutions must speed up restructuring to meet deadline
Vietnam credit growth slows to 2.13% in 6-month period
In the first four months of 2020, domestic transactions via bank cards rose 26.2% in the number of transactions and 15.7% in value year-on-year; internet transactions rose 3.2% in number of payments and 45.7% in value while mobile payment surged 189% in number of transactions and 166.1% in value. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Credit grows slowly, but banks still make profits
At a meeting with commercial banks in late April, Governor of the State Bank of Vietnam (SBV) Le Minh Hung reported that as of March 31, credit provided to the national economy had increased by 1.3 percent compared with the beginning of the year, the lowest Q1 credit growth rate in the last six years. … [Read more...] about Credit grows slowly, but banks still make profits
Science and technology one of the country’s major policies: official
The congress is a major event where many important contents will be discussed, where the entire Party, the entire people and the entire political system, will review and evaluate what has been implemented in the last five-year term. From this theoretical and practical basis, the congress will focus on analysing, taking into account international and domestic relations, accumulated experiences, cultural values and national solidarity to propose solutions, orientations, and select qualified and qualified cadres to implement the Party's platform and issue resolutions of the congress. … [Read more...] about Science and technology one of the country’s major policies: official
