Holdco debt project finance

"Patient 170" (L), a 27-year-old man, receives a health certificate from a doctor of the Kim Son District General Hospital in Ninh Binh Province after recovering from Covid-19, May 4, 2020. Photo courtesy of the Kim Son District General Hospital. … [Read more...] about Two Covid-19 patients recover, active tally down to 52

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

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

Regarding the credit structure, Nguyen Quoc Hung, director of the SBV’s Credit Department, said credit for agricultural production expanded 0.3% compared to end-2019; followed by that for exports (4.94%  versus 10% in the first six-month period of 2019); technology sector(2.92%); supporting industries (2.27%); and small and medium enterprises (-0.7%). … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period

Deputy Minister of Planning and Investment Tran Duy Dong said 2020 was a tough year for many countries due to the impact of Covid-19. All economic, political and investment attraction activities faced difficulties. Vietnam has striven to develop the economy and combat the pandemic concurrently to make it attractive to investors. … [Read more...] about Indian firms on lookout for long-term investments in Vietnam