Ministry of housing and urban poverty alleviation

Over the past 35 years of development, the Vietnam Bank for Agriculture and Rural Development, better known as Agribank, always proves its position and role as a leading commercial bank in Vietnam. It has pioneered monetary policies, contributing to stabilizing the macro-economy, curbing inflation and supporting the country’s economic growth. The bank has cemented its key role in developing the agriculture sector and rural areas and offering credit and services to serve the country’s socio-economic development. Agribank was proud to receive the Vietnam National Brand award for the third consecutive year in 2022 and was among the top 10 Vietnamese strong banking and financial brands the same year. The lender has obtained impressive achievements in digital and green transformation and made substantial contributions to community development. Despite the negative impact of the COVID-19 pandemic, Agribank, with its initiative and flexibility, has employed multiple … [Read more...] about Vietnam’s Agribank wins many local prestigious prizes

Land law adjustments aim to protect entities as well as the real estate market, photo Le Toan In a seminar to collect opinions from enterprises and experts regarding amendments to the Law on Land held last week in Ho Chi Minh City, Seck Yee Chung, a representative of the Vietnam Business Forum’s Trade and Investment Working Group, said that Article 35.d of the draft law provided that domestic companies only have the right to mortgages with their land and properties attached to the land at credit institutions licensed to operate in Vietnam. “This means that companies in Vietnam cannot mortgage their factory or land through foreign lenders, which creates great challenges for them to access competitive financing resources outside the country,” Chung said at the seminar, which was organised by the International Finance Corporation (IFC) and Ministry of Natural Resources and Environment (MoNRE). “Foreign lenders will look for security assets of Vietnamese companies to secure their … [Read more...] about Land law points further scrutinised

Minister of Religious Affairs of Indonesia Yaqut Cholil Qoumas delivers his remarks at a press conference in Jakarta on March 22. (Photo: ANTARA) Jakarta (VNA) – The Ramadan fasting month 2023 in Indonesia and Malaysia started on March 23 based on the emergence of the new moon. In Indonesia, Minister of Religious Affairs Yaqut Cholil Qoumas announced the decision in a press conference following a meeting on March 22 attended by the Ministry of Religious Affairs, the House of Representatives Commission VIII overseeing religious affairs, the Indonesian Ulema Council (MUI), the Meteorology, Climatology and Geophysics Agency (BMKG), the Geospatial Information Agency, astronomy experts, and several Islamic organizations. This meant that hundreds of millions of Indonesian Muslims can perform the Tarawih prayers on March 22 evening, marking the beginning of the Ramadan month. After the regulations against the COVID-19 pandemic are lifted, there will not be any restrictions on … [Read more...] about Indonesian, Malaysian Muslims start Ramadan fast