Which bank is best for personal loan

A view of an MB office in Ha Noi. MB could be allowed to expand its credit room to about 25 per cent in 2022. — VNA/VNS Photo Some qualified commercial banks are forecast to get higher credit growth quotas from the State Bank of Viet Nam (SBV) in the next few months. According to the Bao Viet Securities Company (BVSC), the SBV is expected to announce a credit expansion for commercial banks at the end of Q3 2022 or at the beginning of Q4 2022 as most banks have so far used up most of their assigned credit quota. However, as the SBV has so far decided to keep the credit growth target unchanged at 14 per cent in 2022, the selection of banks to get a higher credit growth quota in the remaining months of this year will be tightened. According to the SBV’s rules, the granting of credit growth quota will be based on the asset quality and operation scale of each bank according to Circular 52/2018/TT-NHNN. Specifically, the SBV will rank banks according to six criteria, including … [Read more...] about Qualified banks expect higher credit growth quota in the next few months

This move should in fact have been done two years ago in 2020, when the Consumer Price Index (CPI) at that time had increased to 22 percent compared to the time when the Law had come into effect. This is because the Law stipulates that when the CPI increases above 20 percent it must be adjusted. Tax rates not reasonable It is believed that the proposal to amend and adjust the Law on Personal Income Tax is too slow because the Ministry of Finance is trying to make its own adjustments even when the tax regulations and calculations are no longer consistent with ground reality. Because when the value of money decreases due to inflation, tax milestones and family deductions also decrease accordingly, making the lives of wage earners and dependents more and more difficult. Even in the difficult years of the Covid-19 pandemic, the income of employees decreased, but PIT still increased steadily. Only in the first quarter of this year, the PIT amount was estimated at 43.3 percent of the … [Read more...] about Law on Personal Income Tax inconsistent

Representatives of HSBC and Ree signed a loan agreement. — Photo coutersy of HSBC HSBC Bank (Vietnam) Ltd is the sole bank to arrange a green loan of VND900 billion for the Refrigeration Electrical Engineering Corporation (REE Corporation). This loan deal will help one of the Vietnamese leading multi-sector corporations complete E-Town 6, a high-rise office building that has earned the LEED Platinum certification for its sustainable design. This is the first time HSBC has arranged a green loan to finance a real estate project for a Vietnamese corporate. The seven-year term loan has reaffirmed HSBC’s leading position in providing sustainable financial solutions to businesses in Viet Nam. To achieve this green financing, REE Corporation completed HSBC’s stringent credit approval and management process of sustainable funding. The process is overseen by HSBC Asia Pacific Sustainable Loans Committee, the dedicated body of the bank with rich experience in successfully arranging … [Read more...] about HSBC Vietnam grants bilateral green loan to REE Corporation

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

According to the Vietnam Hotels Association, there are over 550 luxury hotels that accounts for about 18% of the total number of rooms in the country. Hence the shortage of trained staff in this segment is concerning, industry insiders say. Dao Manh Hung, Chairman of the Vietnam Tourism Education Association, said that in the first seven months of the year, the number of domestic tourists reached 71.8 million arrivals, exceeding the target of 60 million. But this has not proved very advantageous for luxury hotels. "The rise of domestic tourism post Covid-19 has had a great impact on middle-level hotels and the hiring of staff in this segment has increased rapidly. But, due to the slow return of international visitors, luxury hotels haven't been able to do the same. Well-trained staff in these hotels might have changed their careers and may not return after Covid-19," Hung said at a conference held Tuesday. The dire need for staff has seen high-end hotels lower their qualification … [Read more...] about Concern mounts over continued staff shortage at luxury hotels

On a mid-July afternoon, summertime for children, at 146 Nguyen Dinh Chieu, students were lining up for a school bus preparing for a field trip. This is one of many activities included in the "Summer of Game Changers" program in 2022 organized by ILA. This seven-week course was designed by ILA to not only let students experience different summer activities, but also help them reignite their passion for learning and discovering, and build the foundation of an active leader, with other important aspects that will prepare them to become the guiding generation. "ILA’s education method is to encourage confidence and natural growth. That they’ve done well, and we encourage them to do even better. They have improved themselves, understood their core values, matured, eventually left school, and helped change the world," said Tran Xuan Dzu, CEO of ILA. Under Dzu’s leadership, ILA has set up more than 50 English centers across 13 cities in Vietnam, teaching over 1 million students to become … [Read more...] about ILA English center marks 25 years of persistence with education, youth nourishment