Banks offer debt consolidation loans

On July 2, at a bank-enterprises link-up conference, Sacombank earmarked VND1 trillion ($43.1 million) for preferential loans to corporate customers at interest rates starting at 6 per cent to help them to restore and expand their business post- pandemic. … [Read more...] about Sacombank enhances loan package for individual customers by $431.18 million

Binh said at a meeting on subsidies to public buses last year that the support is intended to help expand the number of buses and improve service quality to attract more passengers, which in turn will bring in more revenue and eventually have the system stand on its own feet, VnExpress reported. … [Read more...] about Public buses in Ho Chi Minh City on verge of shutdown as operators deep in debt

Hanoi (VNS/VNA) - Firms with US dollar-denominated debts estimate to regain significantly in the second quarter of this year as the US dollar has devalued against the Vietnamese dong in the period after reporting a surge in the first quarter. In the first quarter of 2020, the USD/VND exchange rate increased by nearly 2 percent to 23,644 VND per US dollar in the context that the global greenback price hit a three-year high with the US Dollar Index on March 20 reaching 102.8, up 6.7 percent compared to the end of 2019. The domestic foreign exchange rate was also affected adversely when currencies of many major trading partners of Vietnam devalued and the domestic market sentiment was hit by the COVID-19 pandemic. According to experts, the COVID-19 pandemic caused the global financial market to plummet. The need to withdraw capital from risky assets to pour into secure, safe assets was the main reason for the rise of the dollar. The appreciation of the dollar against the … [Read more...] about Firms with greenback loans see more positive outlook in Q2

As a leading bank, VIB always considers advanced and transparent corporate governance and risk management standards as one of the most important foundations for its sustainable development strategy. VIB has been the first bank in Vietnam to complete the implementation of the three pillars of Basel II one year ahead of schedule set by the State Bank of Vietnam. Besides, VIB was also applauded by international organisations such as Moody's and other financial institutions like the IFC and ADB. … [Read more...] about VIB secures $70 million loan from international finance institutions

Vietnamese volunteers prepare packages of food and protective masks for Vietnamese people in need and living in Japan, amid the coronavirus disease outbreak, at a Buddhist temple which has turned into a shelter for young Vietnamese migrant workers in Tokyo, Japan, May 2, 2020. Photo by Reuters/Kim Kyung-Hoon. … [Read more...] about In Tokyo, a temple offers pandemic-hit Vietnamese workers a safe haven