Why is financial literacy important for youth

Chanh said Vietnamese entrepreneurs often place a lot of enthusiasm and personal finances into start-up companies, and so when their companies face difficulties or failures, it takes more time for them to close the business compared to their counterparts in foreign countries. … [Read more...] about Accessing credit requires firms to embrace financial transparency

Chánh said Vietnamese entrepreneurs often place a lot of enthusiasm and personal finances into start-up companies, and so when their companies face difficulties or failures, it takes more time for them to close the business compared to their counterparts in foreign countries. … [Read more...] about Accessing credit, capital requires firms to embrace financial transparency: experts

HCM City (VNS/VNA) - Enterprises, especially small and medium-sized ones and start-ups, need to enhance financial transparency and connect with banks if they want to obtain loans, according to experts. “It is the same when seeking to raise capital,” said Lam Minh Chanh, founder of business school BizUni and co-founder of the Management and Startup Group. Many SMEs still have unclear invoices when buying and selling, he said, warning that they need to be more transparent with respect to sales and revenues. The pandemic has severely affected the global economy, including Vietnam, he said. The immediate financial impact is significant for most big and small businesses, and how to raise capital during this difficult time to maintain operations and overcome this tough period is one of the top concerns of businesses, he said. "It usually takes us three to six months to raise capital. During the epidemic period, businesses have died before they raised capital. … [Read more...] about Accessing credit requires firms to embrace financial transparency: experts

The ideas and experiences of young Vietnamese people will stimulate longer-term discussion and action, provide lessons for the UN on what it will take to achieve stronger global cooperation, and be a source of solutions to the challenges we face today. The Secretary-General is expected to present the opinions, ideas and solutions generated through the various UN75 dialogues globally at a high-level summit for world leaders in September 2020. … [Read more...] about Vietnamese youth share perspectives on “Building the Future We Want”

Hanoi (VNA) – Two new COVID-19 cases confirmed on May 17 evening are Vietnamese people returning from Russia, and they have been quarantined upon their arrival, said the national steering committee for COVID-19 prevention and control. The male patients were repatriated from Russia on Flight VN0062 on May 13. After landing at Van Don International Airport in northern Quang Ninh province, they were immediately kept in quarantine at the military school of Thai Binh province. Patient 319, 26 years old, is being treated at the Hanoi-based National Hospital for Tropical Diseases No. 2. Meanwhile, Patient 320, 29 years old, is under treatment at the General Hospital of Thai Binh province. They added up to 320 patients of COVID-19 in Vietnam at present, including 180 imported cases who were quarantined upon their arrival in the country. As of 6pm of May 17, Vietnam had not recorded any COVID-19 infections in the community for 31 consecutive days. There are 10,962 people under … [Read more...] about COVID-19 infections reach 320 after two imported cases confirmed