Shinhan bank vietnam

Hanoi (VNA) - Outstanding loans in Vietnam exceeded 8.79 quadrillion VND (378.74 billion USD) as of November 17, an increase of 7.26 percent from the end of 2019, according to the State Bank of Vietnam (SBV). Under its Circular No 01/2020, lenders had restructured repayment deadlines for loans worth over 341.85 trillion VND as of November 9, taken out by nearly 270,200 borrowers affected by COVID-19. Interest rates have been waived and reduced for over 552,700 borrowers with total outstanding loans of more than 931 trillion VND. More than 2.017 quadrillion VND worth of new loans has been provided to close to 356,400 customers since January 23, the central bank said. The SBV has requested local credit institutions urgently compile records of borrowers hit by flooding in the central and Central Highlands regions during October and November, in order to help them overcome any financial difficulties./. … [Read more...] about Vietnam posts 7.26 percent credit growth so far this year

Le Trong Minh, editor-in-chief of Vietnam Investment Review and head of the Organising Board, said they have high hopes for an upsurge in the scale and value of M&A deals in the Vietnamese market in the coming time, to be triggered once all necessary and favourable conditions come together. This expectation seems to be very much in line with the forecasts of many domestic and foreign organisations as Vietnam is one of the rare bright spots on the radars of international investors. … [Read more...] about Vietnam M&A Forum award winners for 2019-2020

The UNSC’s committees were set up to support the implementation of its resolutions. Non-permanent members take charge of the committees’ chairmanship. Currently, Tunisia is playing the role as the Chairman of Committee 1373, and Indonesia Chairman of Committee 1267 and 1540. Vietnam is holding the chairmanship of the UNSC’s South Sudan Sanctions Committee, the Labanon Sanctions Committee, and Informal Working Group on International Tribunals./. … [Read more...] about VIETNAM NEWS NOVEMBER 24 (updated hourly)

The move came as commercial banks were rushing to sell dollars to the central bank to earn profits from the high buying rate. The SBV had bought up VND30 trillion ($1.29 billion) in foreign currencies from commercial banks from November 9-13. … [Read more...] about Vietnam cuts dollar buying rate for first time in 12 months

One of the key tasks is to boost capital market development, thereby avoiding relying too much on credit from the commercial banking system, in addition to improving the electricity price mechanism to  lure more  investors while ensuring profitability to attract international capital flows, he stated. … [Read more...] about Vietnam requires US$150 billion for power projects by 2030