Defence procurement policy

As of September 30, total outstanding balances from policy credit surpassed VND223.207 trillion ($9.7 billion), with nearly 6.5 million needy, near-poor households, and other policy beneficiaries still held the loans. VBSP has been carrying out more than 20 policy credit programmes where credit quality has been put at foremost importance. The rate of non-performing debts is always kept below 1 per cent of the total loan balances (0.7 per cent at present). … [Read more...] about Policy credit helps push back black credit

The lending volume during the first half reached VND42.583 trillion ($1.85 billion) which was distributed to nearly 1.2 million households that are poor, near-poor, or freshly escaped poverty, and other policy beneficiaries. Meanwhile, total collected debt volume amounted to VND29.670 trillion ($1.3 billion). Policy credit sources helped create jobs for nearly 216,000 labourers, 1,900 of whom have begun work under fixed-term contracts abroad, helping nearly 9,000 underprivileged pupils and students secure loans to continue their studies, and building 770,000 clean water and latrine facilities in rural areas. The capital source also helped build 11,500 housing units for policy beneficiaries. … [Read more...] about VBSP registers upbeat first-half performance

Presidents Ho Chi Minh (L) and Mao Zedong toast the sustainability of the Vietnam-China friendship in August 1957 (File photo: VNA) In his remarks, Chairman of the Vietnam-China Friendship Association in HCM City Duong Quan Ha said the two countries are neighbours with a time-tested friendship. Their relations, nurtured by late Presidents Ho Chi Minh and Mao Zedong and generations of leaders, were lifted to the comprehensive strategic cooperative partnership and have been flourishing, bringing about common benefits for their people. … [Read more...] about VIETNAM NEWS JANUARY 19

By Donald Lambert-Principal private sector development specialist Asian Development Bank Policymakers, however, must consider if the economy needs further stimulus. Based on conventional measures, probably not. The economy is expected to bounce back strongly in 2021 with the Asian Development Bank (ADB) forecasting an expansion of 6.1 per cent, which is broadly comparable to Vietnam’s recent growth rates. With the General Statistics Office reporting unemployment at 2.5 per cent as of September 2020, the labour market seems strong. … [Read more...] about Is Vietnam’s economy recovering from COVID-19? Ask female entrepreneurs

In 2020, Mastercard expanded its worldwide financial inclusion commitment, pledging to bring a total of one billion people and 50 million micro and small businesses into the digital economy by 2025. It is noteworthy that the majority of economies (34 out of a total of 58 in this report) have healthy MIWE scores of 60-70 such as Australia, Indonesia, Mainland China, Singapore, Vietnam (63.87), and Malaysia while 13 economies have lower scores of 50-60 such as Japan and India. … [Read more...] about Mastercard rolls out inclusive report on women entrepreneurs in COVID-19 times