Debt equity finance advantages disadvantages

Employers qualifying for the program must pay 50% of the basic wage in advance and they can take out loans at just 50% (less than VND2 million) for each staff member. For instance, a company with 100 workers can borrow only VND200 million. Therefore, many firms have shifted to other credit sources, An explained. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers

In addition, the cross-ownership among CIs is also handled thoroughly. The direct cross-ownership between pairs of CIs was removed from the end of 2019 while there is only one pair of a CI and a firm directly owning shares of each other compared with 56 pairs in 2012. … [Read more...] about Vietnam’s credit institutions must speed up restructuring to meet deadline

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

The municipal People’s Committee assigned the Department of Industry and Trade and the Saigon Times Group to launch the award. The award attracted 64 enterprises in different industries within one month after launch. It will be held annually. The 30 enterprises are leading companies or at the top of their business and production industries. Their total revenue in 2019 reached nearly 252.8 trillion (11 billion USD), or 21.8 percent of the city’s total revenue of retail sales of consumer goods and services. Their total after-tax profit reached almost 32.7 trillion VND. According to the evaluation of the Voting Council, most of the products and service brands of the winning enterprises have undergone a long process of establishment and development. They have had a firm position in the marketplace and a good reputation in customers’ minds and made active contributions to the city’s economic development. Bui Ta Hoang … [Read more...] about Thirty businesses win HCM City Golden Brand Award

Speaking at the event, Sanjay Kaul said "Enterprises will be major beneficiaries of 5G, as they devise new, innovative ways to take advantage of the greater speeds and far lower latency on offer. Smart manufacturing, agriculture, financial services, health, education, and logistics are just some of the sectors which will undergo a massive transformation because of this technology. Operators around the world must invest in 5G to meet this future demand, and working with the right ecosystem partners is key to their success." … [Read more...] about Cisco Vietnam and Ademax powering ITU Digital World 2020