“In the coming time, the SBV will continue to encourage the promotion of consumer loans, but the amount of growth will depend on the absorption capacity of the economy. Currently, the demand for consumer loans is feeble in the context of unstable jobs and declining income resulting from the pandemic,” said Hung. “However, banks and consumer finance companies cannot churn out loans inconsiderately for fear of incurring bad debts.” … [Read more...] about Banks bet on consumer credit growth
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Tran Lan Phuong, VBSP Deputy General Director, said that in 2019, the policy credit benefited nearly 2.2 million poor households and other policy beneficiaries. This was one of many outstanding achievements of the bank last year, contributing to supporting poor and near-poor households and those who have just got out of poverty to raise incomes, reduce poverty sustainably, and promote socio-economic development.credit programmes, the bank has implemented synchronous measures to consolidate and improve credit quality. As of December 31, 2019, overdue and charged-off debts were over 1.43 trillion VND, accounting for 0.69 percent of the total outstanding loans. policy credit and the increasingly efficient use of capital by the poor and other policy beneficiaries. … [Read more...] about Policy credit contributes to repelling black credit in poor rural areas
Binh Thuan central province, few think their children will study in university. Thanks to loans from the Vietnam Bank for Policy Policies, thousands of households have escaped from poverty, with their children not only receiving vocational training but also attending prestigious universities in the fields of pedagogy, banking, and medicine and health care. … [Read more...] about When the Party’s Directive 40 spreads in life!
2020 is the last year to implement the development strategy of the VBSP for the 2011-2020 period. Therefore, the bank has strived to well implement the credit plans assigned by the Prime Minister, prioritised lending to poor and near-poor households, those just getting out of poverty, communes in ethnic minority, extremely difficult, remote and border areas as well as regions hit by natural disasters, in combination with national target programmes on sustainable poverty reduction and new-style rural area building./. … [Read more...] about New breakthroughs expected to be made in poverty reduction
There was the same reaction last year when the EF English Proficiency Index (EPI) rankings were announced. Vietnam had dropped to the upper echelon of "low" from "moderate," i.e., from 41st out of 88 countries in 2018 to 52nd out of 100 in 2019. The report noted cryptically that Vietnam "has some difficulties in keeping up with the worldwide increase in English proficiency." While the EF index is widely publicized as a barometer of nationwide English achievement, it is of limited value because it attempts to rank countries by the average level of English language skills among those adults who took the test, including EF students. … [Read more...] about Missing the forest for the trees: National English exam results reconsidered