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
Record breaking temperatures 2017
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
VN central bank’s VND16 trillion aid receives lackluster response from employers
Nguyen Van An, deputy director of Danang City’s Department of Labor, Invalids and Social Affairs, said many local employers had failed to pay the salaries of their staff after the Covid-19 pandemic, but shunned the aid due to the low credit limit and time consuming procedures. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers
Big players enter Vietnamese stock market
Some banks are collecting treasury stocks to reduce the number of shares in circulation and reduce foreign ownership ratios. This is seen as preparation to receive ‘big fish’ who are ready to spend big money to acquire Vietnam’s bank shares. … [Read more...] about Big players enter Vietnamese stock market
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
