However, CIs seem to tighten their requirements on collateral and credit ratings of customers to prevent from default risks. Funds allocated for real estate, securities, and consumer loans are among the most exposed to a variety of risks. In the first six months, CIs have met customers’ borrowing demands at a higher level than in the second half of 2019, with 88.7 per cent of CIs satisfying 75-100 per cent of loans requirements. … [Read more...] about Banks bet on consumer credit growth
Borrow credit from etisalat
Pham Anh Duc, Director of the Binh Thuan branch of the Vietnam Bank for Social Policies, said over the past 5 years, the branch has disbursed 3.15 trillion VND for over 140,000 poor households, near-poor households and other policy beneficiaries to develop production and business.poor households have received support to build their houses; and nearly 10,000 households living in disadvantaged areas have got loans to invest in production and business./. … [Read more...] about When the Party’s Directive 40 spreads in life!
Also in this period, the state divested VND25.17 trillion (nearly $1.1 billion) and collected VND171.84 trillion ($7.47 billion), which was 6.8 times higher than the book value. Total money collected from equitisation and divestment since 2016 reached more than 218 trillion ($9.47 billion), which is 2.79 times higher than the total revenue from equitisation and divestment in the 2011-2015 period (about VND78 trillion or $3.4 billion). The money transferred to the state budget under the National Assembly resolution hit VND211.5 trillion ($9.2 billion) out of VND250 trillion ($10.87 billion), tantamount to 85 per cent of the plan for the 2016-2020 period. … [Read more...] about How to drive the economy by reforming state-owned debt
Particularly, in 2019, provincial departments and sectors have advised the provincial People’s Committee to focus on resources from ODA and non-government projects, converging all the capital to one point which is the VBSP for management and lending. This is a creative and effective solution to mobilise financial resources from and out of the provincial budget, thus creating strong capital sources for lending. … [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