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Moreover, the Can Tho City branch of the Vietnam Bank for Social Policies has not received any applications so far, as enterprises fail to meet lending requirements. Borrowers are required to have 20% to 30% of staff participating in compulsory social insurance, but they cannot afford the insurance for a long time, said Huynh Van Thuan, director of the branch. SGT … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers

Hung added in the first month of the Covid-19 outbreak, nearly VND300 trillion (US$12.87 billion) in outstanding loans was affected by the pandemic, VND900 trillion (US$38.6 billion) in the next month and VND1-2,000 trillion (US$42.89 – 85.78 billion) in subsequent periods, causing a major impacts on banks’ operation. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period

According to a newspaper outlet of the ministry, the proposed location is Kim Son or Yen Khanh District, which are less than 35 kilometers away from the Tam Coc cave system, a tourist hotspot. … [Read more...] about Northern Ninh Binh province seeks its own airport

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

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