"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
Record breaking temperatures ontario
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
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
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
The latest update released at the 2020 shareholders’ meeting showed the bank’s outstanding loans had reached VND291.4 trillion as of May 31, an increase of 9.88 percent compared with the beginning of the year. The central bank explained that because of Covid-19, demand is weak and people have tightened their purse strings. … [Read more...] about Credit grows slowly, but banks still make profits