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In July 2020 in Ho Chi Minh City, VietinBank successfully held the conference “VietinBank SME Stronger - Riding out challenges with SMEs”, affording it a chance to meet and listen to customers’ feedback, offer consultations and introduce products and services to them. Positive response and sharing of business community creates a driving force for VietinBank to keep developing effective financial solutions. … [Read more...] about VietinBank named fastest-growing SME bank in Vietnam

He stated to provide the maximum support for SMEs, the bank is reviewing and adjusting its credit programmes to make them more suitable to the current situation while continuing the implementation of preferential policies for firms to access capital and restore operations, thus helping with the recovery of the national economy. “Our experience from past shocks, including the global financial crisis 2008, has taught us that micro, small and medium enterprises are especially impacted by the current crisis. Keeping them solvent is therefore key to saving jobs and limiting the economic damage,” said Kyle Kelhofer, IFC Country Manager for Vietnam, Cambodia and Laos. He noted the IFC’s support to OCB will not only help the bank extend payment relief to clients but also enable it to offer new loans to SMEs, supporting continued operations and preserving jobs, thereby accelerating Vietnam’s economic recovery. The loan was part of the IFC’s COVID-19 fast-track … [Read more...] about Additional 40 million USD for Vietnamese bank to aid SMEs amid COVID-19

To accomplish its targets, this year HAGL Agrico will focus on creating a master zoning plan for large-scale farming and husbandry areas. It will ensure topography and soil are suitable for each kind of fruit to facilitate mechanisation and modern management and synchronise technical infrastructure to meet the needs of irrigation, garden care, harvest, transportation, and preservation at farms. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 15

Vietcombank and Agribank also mapped out plans to cut interest rates for the company, Ha said, expressing her hope that the banks would extend graces and increase lending limits to help the company pay salaries for its employees in the coming time as the complex will continue its closure or welcome few visitors. … [Read more...] about Firms benefit from lending interest rate reductions and exemptions

“Many people think that the rally of the shares means our economy is growing, but in fact the move may not reflect the true nature of the market,” analyses Dr. Thinh. “For banking stocks for instance, the recent increase in stocks truly reflected the health of the banking system. Yet, there will certainly be policy adjustments in 2021, and investors should have second thoughts before making a decision.” … [Read more...] about Experts warn about risky investments in gold and stocks