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
Debt and equity financing in healthcare
Vietnam’s credit institutions must speed up restructuring to meet deadline
Vietnam to allow EU credit institutions to hold 49% shares at two banks Vietnam is committed to allowing credit institutions of the European Union (EU) to hold up to 49% shares at two joint stock commercial banks in Vietnam when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect. … [Read more...] about Vietnam’s credit institutions must speed up restructuring to meet deadline
Vietnam credit growth slows to 2.13% in 6-month period
In the first four months of 2020, domestic transactions via bank cards rose 26.2% in the number of transactions and 15.7% in value year-on-year; internet transactions rose 3.2% in number of payments and 45.7% in value while mobile payment surged 189% in number of transactions and 166.1% in value. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Lao ambassador hails leadership role of Communist Party of Vietnam
Hanoi (VNA) - The Communist Party of Vietnam (CPV)’s sound and clear-sighted leadership has driven the national revolutionary cause as well as helped the Southeast Asian country gain an increasing position on the international area, said Lao Ambassador to Vietnam Sengphet Houngboungnuang. In a recent interview with the Vietnam News Agency’s reporter, the Lao diplomat looked back on the historical significance of the CPV’s foundation on February 3, 1930 as well as its important role in leading the people in the cause of national protection and development. He particularly laid stress on the CPV’s introduction of the “Doi Moi” (renewal) policy in 1986, holding that it played a crucial part in the country’s stable politics, impressive economic growth, and improved living conditions of people. Despite rapid and complicated developments in the global and regional situation in the past five years, Vietnam has attained remarkable … [Read more...] about Lao ambassador hails leadership role of Communist Party of Vietnam
Hanwha Life Vietnam and digital transformation strategy
In addition, financial consultants can spend less time processing documents with the functions of verifying infomation, premium payments, and online submission of insurance documents, among others. Daily activities of financial consultants and the company’s competitiveness as a whole have been significantly improved day by day by E-submission and other applications like FC-portal for sales operation and E-recruitment for online recruitment. … [Read more...] about Hanwha Life Vietnam and digital transformation strategy