However, CIs seem to tighten their requirements on collateral and credit ratings of customers to prevent from default risks. Funds allocated for real estate, securities, and consumer loans are among the most exposed to a variety of risks. In the first six months, CIs have met customers’ borrowing demands at a higher level than in the second half of 2019, with 88.7 per cent of CIs satisfying 75-100 per cent of loans requirements. … [Read more...] about Banks bet on consumer credit growth
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
Pham Anh Duc, Director of the Binh Thuan branch of the Vietnam Bank for Social Policies, said over the past 5 years, the branch has disbursed 3.15 trillion VND for over 140,000 poor households, near-poor households and other policy beneficiaries to develop production and business.poor households have received support to build their houses; and nearly 10,000 households living in disadvantaged areas have got loans to invest in production and business./. … [Read more...] about When the Party’s Directive 40 spreads in life!
Therefore, materialising Directive No. 40 plays a significant role in the implementation of social policy credits. The document mobilises human resources and capital of not only localities but also the business community, social organisations and individuals in sustainable poverty reduction, so that no one is left behind. It also targets economic growth and social equality and progress. … [Read more...] about New breakthroughs expected to be made in poverty reduction
Those who do will need different skill sets, depending upon the nature of their work. One size doesn’t fit all. This ranges from a solid reading knowledge of the language, functional proficiency, defined as "the ability to communicate in basic social, travel and non-specialized work situations," to C1 (effective operational proficiency or advanced) or C2 (mastery or proficiency) levels using the Common European Framework of Reference for Languages (CEFR). There are also those young people who want to learn English or another foreign language simply because of the intrinsic benefits and rewards of fluency. … [Read more...] about Missing the forest for the trees: National English exam results reconsidered