Moreover, the Can Tho City branch of the Vietnam Bank for Social Policies has not received any applications so far, as enterprises fail to meet lending requirements. Borrowers are required to have 20% to 30% of staff participating in compulsory social insurance, but they cannot afford the insurance for a long time, said Huynh Van Thuan, director of the branch. SGT … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers
Private equity debt financing
Vietnam’s credit institutions must speed up restructuring to meet deadline
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
Vietnam credit growth slows to 2.13% in 6-month period
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
Indian firms on lookout for long-term investments in Vietnam
On January 22, the Indian Consulate General in HCMC, the Private Economic Development Research Board, the HCMC Investment and Trade Promotion Center and VinaCapital Group jointly held the India-Vietnam Investment Forum to boost cooperation activities between the two sides, thus contributing to the economic development of the two countries. … [Read more...] about Indian firms on lookout for long-term investments in Vietnam
Japan and IOC deny that Olympics will be cancelled
Though much of Japan is under a state of emergency due to a third wave of COVID-19 infections, Tokyo Olympic organisers have vowed to press ahead with the re-scheduled Games, which are due to open on July 23 after being postponed for a year because of the coronavirus. … [Read more...] about Japan and IOC deny that Olympics will be cancelled
