Japan will provide about US$1 billion in aid to companies in developing nations as the global financial crisis makes it difficult for them to raise funds, Finance Minister Shoichi Nakagawa said. The state-owned Japan Bank for International Cooperation, or JBIC, will extend loans to financial institutions in developing countries, particularly in the Asian region, to help companies ensure access to trade finance, according to a statement released Saturday. The announcement came after Japan agreed Friday to give the International Monetary Fund (IMF) access to an extra $100 billion, boosting the lenderâ€™s ability to ease financial strains in developing countries. … [Read more...] about Japan to lend $1 billion to aid companies in developing nations
Business in development
Expansion is Vietnam's insurance industry has inspired major insurance providers to working together in developing a more efficient business system as there is still room for insurance to grow in Vietnam. The leading insurance companies in Vietnam have joined hands to set up a management software program worth VND500 million (US$31,250) that will help them better control their agent network system. Vietnamese Bao Viet Life Insurance Company and Bao Minh CMG, ACE Life and AIA of the US, the UK's Prudential, and Taiwanese Manulife expect the software program will allow them to screen insurance agents suspected of defrauding clients, unhealthy competition or other trade frauds. … [Read more...] about Insurance becoming big business in Vietnam
Household businesses are thriving across Vietnam, playing an important role in the country's economic development. They are more prevalent in the lowlands and in 2004 accounted for 28 percent of employment - meaning having a household business as either a main or second source of income - in the Red River and Mekong deltas. Better-off households have a higher share of income originating in non-farm business activities. This suggests that running a household business is associated, other things being equal, with higher living standards. … [Read more...] about Vietnam’s household businesses in blossom: a World Bank report
Tourism industry has been thriving; commercial and transportation activities have been eventful; export activities grow rather well; industrial production continues to be maintained and develops in different fields; cultivation area increases well, etc. Those are remarks about the situation of production and business in the province in January 2011. Specifically, tourism quality has been improved and number of tourists to Hue in January 2011 is estimated to reach 98900, an increase of 12.3% compared to the same period last year. Tourism turnover is estimated to reach 67.3 billion VND, an increase of 21.7%. … [Read more...] about Situation of production and business in the province in January 2011
The afternoon of 12/10, Quang Nam People's Committee Meeting held a ceremony to honor businesses, businessman and awarded to business and businessman title of " typical Businessman- Business in 2012", which recognizes their outstanding contribution in the process of socio-economic development of the province. Standing Deputy Secretary of the province Nguyen Van Sy, Chairman of PPC Le Phuoc Thanh, comrades in the Standing Committee, the Permanent People's Committee, the Provincial Committee of Vietnam Fatherland Front with more than 300 companies, representing more than 3,320 business enterprises, entrepreneurs in the province were attended the ceremony. At the ceremony, Chairman of PPC Le Phuoc Thanh said: in the last years, the business, businessman have contributed to economic growth, creating jobs for thousands of workers in the province, contributing to the local budget with average growth of 34% / year , care for social policy beneficiaries, the poor, mountainous, … [Read more...] about Quang Nam : Honoring the businessman, the typical business in 2012.