In addition, the cross-ownership among CIs is also handled thoroughly. The direct cross-ownership between pairs of CIs was removed from the end of 2019 while there is only one pair of a CI and a firm directly owning shares of each other compared with 56 pairs in 2012. … [Read more...] about Vietnam’s credit institutions must speed up restructuring to meet deadline
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Vietnam credit growth slows to 2.13% in 6-month period
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
Credit grows slowly, but banks still make profits
At a meeting with commercial banks in late April, Governor of the State Bank of Vietnam (SBV) Le Minh Hung reported that as of March 31, credit provided to the national economy had increased by 1.3 percent compared with the beginning of the year, the lowest Q1 credit growth rate in the last six years. … [Read more...] about Credit grows slowly, but banks still make profits
Science and technology one of the country’s major policies: official
The economic structure of industries has changed positively, the proportion of processing, manufacturing and application of high-tech industries has increased. Many production models applying high technology have been established, like high-tech agriculture, clean and organic agriculture. The quality of a wide range of products has come to meet safety requirements according to international standards. Environmental issues have been solved on the basis of science and international law. Quality of growth is improving day by day. The industry's global competitiveness increased from 58 in 2009 to 42 in 2019. Việt Nam's global business environment ranking position has improved significantly. … [Read more...] about Science and technology one of the country’s major policies: official
Two Covid-19 patients recover, active tally down to 52
"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
