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
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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!
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
Director of the VBSP in Quang Tri Nguyen Duc Dong said that many projects lent money to beneficiaries, but when they concluded, the management boards of some projects had returned to their home country and failed to recovery the capital. Therefore, the reclaiming of capital from the projects helps the province evaluate their effectiveness and learn lessons regarding investment methods, while increasing resources for the locality itself to support locals in building sustainable livelihood. … [Read more...] about Capital convergence helps boost poverty reduction
"With a young and dynamic population, developing local market, growing middle class, and very open economy, Vietnam offers a lot of attractive investment opportunities," Nirukt Sapru, CEO Vietnam, ASEAN Cluster Markets, Standard Chartered Bank said. "COVID-19 will take a while but cannot prevent us from finding opportunities and making plans to maintain and expand our operations in Vietnam." … [Read more...] about Standard Chartered online forum highlights Vietnam as rising star in FDI