VPBank has helped more than 40,000 women-owned enterprises to gain access to banking loans (Source: nhandan.org.vn) The award is the recognition for its contribution to the IFC’s Global Trade Finance Programme (GTFP). After nearly two years of participating and implementing the programme, VPBank has achieved impressive results in promoting import, export and local trade. In 2017, VPBank saw remarkable achievements in transaction banking in 2017, including increased off-balance sheet balance, foreign exchange trading balance and fees income. The bank’s off-balance sheet balance rose 20%, with fees income from trade finance transactions up 13.8% year-on-year. Twenty supply chain financing programmes were implemented with year-on-year TOI growth of 31%. In 2017, VPBank implemented an initiative to support women business owners with the sponsorship and cooperation of IFC. Women-owned businesses account for 18% of the SME category and 85% of the household category, … [Read more...] about VPBank named as best issuing bank partner for women-owned businesses
2018 lists best of
She returned to Vietnam in August after Chinese authorities raided and deported undocumented immigrants. More about how she returned later. Cut to the present. In a countryside garment factory in the northern Bac Giang Province, Bien sits beside a bunch of red cloth bags. Around her dozens of other workers are making bags on sewing machines, but not Bien: Her job is to affix the company label on the bags, and she gets less than VND100,000 ($4.32) a day for it. She was given that job after failing to learn sewing despite eight days of training at the factory. "It's too difficult, I can't sew," she says. Bien is one of many Vietnamese trafficking victims rescued from China who returned lost, damaged, with little assurance their life would ever go back to the normal old days. Before being trafficked to China, she had been quite resourceful, working her family's rice field in Dong Lo Commune in Bac Giang while also attending a babysitting class. On October 2, 1991, when she was 23, Bien … [Read more...] about The plight of human trafficking survivors: Back from hell but to what?
These online channels have been seen as strong rivals for supermarkets, convenience stores, and traditional markets. According to a recent CRRE Vietnam survey of 1,000 customers in Ho Chi Minh City and Hanoi, 25% of those polled plan to reduce their shopping at physical stores, while 45-50% will do regular online shopping via computers or mobile devices in the future. President of the High Quality Vietnamese Product Business Association Vu Kim Hanh says according to the association’s survey in 2017, the percentage of the population who regularly shop online has tripled from 0.9% last year to 2.7% this year. The survey in 2018 shows that 23% of customers used online channels as their references before buying products, up 5% over a year earlier at 18%. Also, many businesses consider online shopping as a channel to access information about market demands, she notes. The boom in online shopping reduces the purchasing power of modern distribution channels, convenience stores, and … [Read more...] about Traditional retail fighting to keep up with e-commerce boom
As October ends, the leopard trees get into their act along the Tay Ho (West Lake) and the vast Bau Can tea estate in the Central Highlands province of Gia Lai. The tree, said to be native to Brazilian rainforests, is scientifically known as Libidibia ferrea or Caesalpinia ferrea. The freshwater lake and the tea plantation are about 25 km south of the center of Pleiku Town, capital of Gia Lai. The lake covers an area of nearly 100 hectares in Tay Ho Village, Bau Can Commune, Chu Prong District. It irrigates the tea plantation. The Bau Can tea plantation dotted with the leopard trees in bloom. Grown on an area of more than 400 hectares, the plantation has an annual output of 2,000 tons of tea buds each year. A path runs through the tea plantation. A worker said the leopard trees were planted to act as a windshield for the tea plants. When the tree sheds its leaves, they become a natural fertilizer too. Plantation workers pluck tea leaves early in the morning, in … [Read more...] about In the highlands, the leopard tree shows its spots again
Attending the event were Permanent Deputy Prime Minister Truong Hoa Binh; VAVA President, Senior Lieutenant General Nguyen Van Rinh; Deputy Director of the General Department of Politics (GDP) of the Vietnam People's Army, Lieutenant General Le Hien Van; and representatives of departments and agencies, international friends, a large of war wounded and sick soldiers, and AO/Dioxin victims. Speaking at the event, Permanent Deputy Prime Minister Truong Hoa Binh praised the achievements of VAVA organizations at all levels over the past years, and sent best wishes to AO/Dioxin victims who have tried hard to overcome difficulties and challenges in life. Permanent Deputy Prime Minister Truong Hoa Binh speaking at the event He also stressed that AO/Dioxin has left serious consequences; therefore, the whole community should join hands to help AO/Dioxin victims ease their pains and difficulties in life. Through the program, the Deputy Prime Minister called on domestic and … [Read more...] about Various efforts to support AO victims