For instance, Techcombank reaffirmed its prime focus on real estate and personal lending, in which home loan accounts for 44 per cent of the retail debt structure. Techcombank only focuses on groups with high incomes and good repayment ability. For instance, Sun Group and Vingroup made up for a total 70 per cent market share, thus, the bank has chosen them as major customers in the resort segment. … [Read more...] about Banks bet on consumer credit growth
Tran Lan Phuong, VBSP Deputy General Director, said that in 2019, the policy credit benefited nearly 2.2 million poor households and other policy beneficiaries. This was one of many outstanding achievements of the bank last year, contributing to supporting poor and near-poor households and those who have just got out of poverty to raise incomes, reduce poverty sustainably, and promote socio-economic development.credit programmes, the bank has implemented synchronous measures to consolidate and improve credit quality. As of December 31, 2019, overdue and charged-off debts were over 1.43 trillion VND, accounting for 0.69 percent of the total outstanding loans. policy credit and the increasingly efficient use of capital by the poor and other policy beneficiaries. … [Read more...] about Policy credit contributes to repelling black credit in poor rural areas
Binh Thuan central province, few think their children will study in university. Thanks to loans from the Vietnam Bank for Policy Policies, thousands of households have escaped from poverty, with their children not only receiving vocational training but also attending prestigious universities in the fields of pedagogy, banking, and medicine and health care. … [Read more...] about When the Party’s Directive 40 spreads in life!
2020 is the last year to implement the development strategy of the VBSP for the 2011-2020 period. Therefore, the bank has strived to well implement the credit plans assigned by the Prime Minister, prioritised lending to poor and near-poor households, those just getting out of poverty, communes in ethnic minority, extremely difficult, remote and border areas as well as regions hit by natural disasters, in combination with national target programmes on sustainable poverty reduction and new-style rural area building./. … [Read more...] about New breakthroughs expected to be made in poverty reduction
Not surprisingly, Ho Chi Minh City (HCMC) students achieved the highest average score at 5.85 in the national graduation exam, followed by Binh Duong and Ba Ria-Vung Tau in southern Vietnam. Hanoi, the nation’s other major urban center, was in fourth place, followed by Nam Dinh and Hai Phong. In a reflection of the urban-rural divide that applies to so many areas of life, northern provinces such as Hoa Binh, Son La, and Ha Giang recorded the lowest scores. … [Read more...] about Missing the forest for the trees: National English exam results reconsidered