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The central bank then issued Circular 05 to speed up the disbursement of the financial aid, which took effect on May 7. However, no enterprises have taken out loans from the program, as they cannot provide the necessary papers to prove their situation and financial needs. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers

The SBV’s statistics showed that by June 2020, the bad debt ratio of the CI system was below 2 percent so the ratio of the whole year may reach the target of below 3 percent set in Decision 1058. From 2012 to the end of March 2020, the entire CI system handled more than 1,000 trillion VND (43.48 billion USD) of bad debts. … [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

ITU Digital World 2020 is a series of events including ITU ministerial roundtables, forum sessions associated with the development of a digital world, and a virtual exhibition. For each day of October 20-22, 2020, the conference and forum sessions will last for 3 hours, from 11-14h (GMT Time) (18-21h Vietnam time). The opening ceremony was held at 5pm on October 20, 2020 with the participation of the prime minister, deputy prime minister, leaders of ministries, branches, diplomatic delegations, and international organisations in Hanoi. … [Read more...] about Cisco Vietnam and Ademax powering ITU Digital World 2020