Nevertheless, the SBV is mulling over changing the roadmap for adjusting the ratio of short-term funds used for medium and long-term loans, which was previously mentioned in Circular No.22/2019/TT-NHNN issued in November 2019 on limits and prudential ratios of banks and foreign bank branches. The SBV had demonstrated its determination to tighten credit for risky sectors like real estate. High-risk borrowers such as build-operate-transfer project investors would also find it harder to access loans. … [Read more...] about Banks bet on consumer credit growth
Borrow credit du
“When our children passed the university entrance exams, we thought we could not afford their study, but thanks to the loan of 88.6 million VND from the bank's credit programme for students, we have taken our children to university. The poverty cannot quench the hopes and dreams of young people in the impoverished countryside” shared Mien.Leverage of economic development … [Read more...] about When the Party’s Directive 40 spreads in life!
In addition the country’s efforts to foster the development of the private sector, including small- and medium-sized enterprises, have achieved a number of positive results. The number of newly-established enterprises and total newly-registered capital volume in 2019 and the past five years reached record levels. The ratio of enterprises out of 1,000 people has consecutively increased, at 7.6 in 2019, 7.3 in 2018, 6 in 2017, and 5.4 in 2016. The number of businesses resuming operation in the first eight months climbed 27.9 per cent on-year. … [Read more...] about How to drive the economy by reforming state-owned debt
Social policy credit has been promoted by the determination of the Government and the coordination of ministries and sectors. In its resolutions submitted to the National Assembly for approval on middle-term public investment in the 2016-2020 period and other yearly public investment plans, the Government has paid much attention to the allocation of capital to the VBSP to implement credit programmes. … [Read more...] about Capital convergence helps boost poverty reduction
"With its wide network over the world, the MPI hopes Standard Chartered Bank can strengthen linkages among investors and encourage more MNCs to invest in the country, as well as support Vietnam in building specialised centres like the National Innovation Centre and the International Finance Centre, which will drive growth in the time coming," he added. … [Read more...] about Standard Chartered online forum highlights Vietnam as rising star in FDI