Borrowing money from whole life insurance policy

Võ Văn Hoan, deputy chairman of the HCM City People’s Committee, speaks at a meeting held to review implementation of the 2011–20 National Strategy on Gender Equality last Friday. Photo voh.com.vn HCM CITY — The HCM City Committee for the Advancement of Women and Gender Equality needs to take creative and effective approaches to ensure gender equality in every aspect, a city leader has said. Võ Văn Hoan, deputy chairman of the People’s Committee, said efforts towards the advancement of women and gender equality need to be promoted with the involvement of all genders and agencies at all levels. A hotline should be set up for victims of domestic violence and gender inequality, Hoan, who is also head of the HCM City Committee for the Advancement of Women and Gender Equality, said at a meeting to held to review implementation of the 2011–20 National Strategy on Gender Equality last Friday (Feb 26). Trần Ngọc Sơn, deputy director of the city Department of Labour, Invalids and … [Read more...] about HCM City told to get creative to enhance gender equality

Vietnam logs no new COVID-19 infections on March 1 morning Vietnam documented zero COVID-19 infections in the past 12 hours as of 6:00 am on March 1, leaving the national tally unchanged at 2,448 patients, according to the National Steering Committee for COVID-19 Prevention and Control. Earlier, Vietnam reported 16 COVID-19 cases at 6pm on February 28, including 12 locally infected cases in the northern province of Hai Duong, the country's largest COVID-19 hotspot, and four imported cases in the southern provinces of Tay Ninh and Dong Thap. Of the total infections, there were 1,542 domestically-transmitted cases, including 849 recorded since the latest outbreak hit the northern province of Hai Duong on January 27. Ten cities and provinces nationwide have gone through 16 consecutive days without any locally-infected cases of COVID-19, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh, and Ho Chi Minh City. … [Read more...] about VIETNAM NEWS HEADLINES MARCH 1

Black credits, such as from loan sharks, could be reduced significantly by promoting consumer finance, photo Le Toan SSI Research has cited information from VPBank’s Board of Management that the due diligence process for FE Credit sale has been conducted. FE Credit, Vietnam’s largest consumer finance firm, is in negotiation with its potential partners, though the discussion progress is somewhat interrupted due to the pandemic. However, VPBank expects the negotiation to be completed in the second quarter of 2021. If the two sides cannot reach a mutual agreement, VPBank would consider an initial public offering (IPO) for FE Credit by the end of this year. Based on the two scenarios, SSI’s analysis team gave some assessment on the impact of the sale of FE Credit on VPBank’s consolidated financial statements. If VPBank sells a 49-per-cent-stake in FE Credit at a valuation of around four times compared to the book value, the bank can record an after-tax profit of VND21 trillion … [Read more...] about Fundraising on the up in consumer finance

The Communist Party is aiming for Vietnam to reach GDP per capita of $5,000 by 2025 and to be a developed country by 2045. Party delegates voted to adopt the Resolution of the 13th National Party Congress at the final session of the Congress held on February 1, 2021. The goals are part of the Resolution of the 13th National Party Congress held from January 25 to February 1, the entirety of which has just been released by the Office of the Party Central Committee. The Resolution noted the highlight of the 12th tenure was the successful handling of the COVID-19 pandemic resulting in significant economic achievements – including stable macroeconomics, controlled inflation and high GDP growth, while people’s living standards were improved. The fight against corruption, loss and waste was intensified, while the socio-political situation remained stable, foreign relations deepened and Vietnam’s profile on the international stage grew. However, numerous shortcomings – including … [Read more...] about Vietnam aims for GDP per capita of $5,000 by 2025, developed country status by 2045: 13th Party Congress’s Resolution