The central bank then issued Circular 05 to speed up the disbursement of the financial aid, which took effect on May 7. However, no enterprises have taken out loans from the program, as they cannot provide the necessary papers to prove their situation and financial needs. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers
Vietnamnet bridge
Vietnam’s credit institutions must speed up restructuring to meet deadline
Vietnam to allow EU credit institutions to hold 49% shares at two banks Vietnam is committed to allowing credit institutions of the European Union (EU) to hold up to 49% shares at two joint stock commercial banks in Vietnam when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect. … [Read more...] about Vietnam’s credit institutions must speed up restructuring to meet deadline
Vietnam credit growth slows to 2.13% in 6-month period
In the first four months of 2020, domestic transactions via bank cards rose 26.2% in the number of transactions and 15.7% in value year-on-year; internet transactions rose 3.2% in number of payments and 45.7% in value while mobile payment surged 189% in number of transactions and 166.1% in value. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Big players enter Vietnamese stock market
Some banks are collecting treasury stocks to reduce the number of shares in circulation and reduce foreign ownership ratios. This is seen as preparation to receive ‘big fish’ who are ready to spend big money to acquire Vietnam’s bank shares. … [Read more...] about Big players enter Vietnamese stock market
Credit grows slowly, but banks still make profits
The latest update released at the 2020 shareholders’ meeting showed the bank’s outstanding loans had reached VND291.4 trillion as of May 31, an increase of 9.88 percent compared with the beginning of the year. The central bank explained that because of Covid-19, demand is weak and people have tightened their purse strings. … [Read more...] about Credit grows slowly, but banks still make profits
American veterans deliver flood relief for Vietnam
The donation given to Vo Bam Secondary School as part of the flood relief donation to Quang Ngai consists of four desktop computers. Photo courtesy Ron Carver; Co-editor with David Cortright and Barbara Doherty The donation to Vo Bam Secondary School as part of the flood relief to Quang Ngai consists of four desktop computers. … [Read more...] about American veterans deliver flood relief for Vietnam
