Meanwhile, a survey on business trends in the third quarter of 2020 of credit institutions, conducted by SBV’s Monetary Forecasting and Statistics Department, showed credit institutions have lowered their forecasts on outstanding loan growth in two consecutive survey periods. … [Read more...] about Bad debts tend to rise despite slow credit expansion
Sri lanka central bank exchange rates
VN Asset Management Company targets to settle $2.15bil. bad debts this year
Under the project of restructuring the system of credit institutions in association with handling bad debts in the 2016-20 period approved by the Prime Minister on July 19, 2017, VAMC planned to raise its charter capital to VND10 trillion. However, in November 2017, the Prime Minister only allowed VAMC to increase its charter capital to VND5 trillion. … [Read more...] about VN Asset Management Company targets to settle $2.15bil. bad debts this year
Sun Life Financial increases footprint in Asia
Sun Life Financial has set up a new subsidiary in Singapore to lea the charge in Asia The company now provides its services specialising on life, health insurance, and wealth management solutions to more than 23 million customers in Asia. Since 2016, Sun Life’s business in Asia has grown to support 11.5 million new clients and its underlying net income has grown at a compound annual growth rate (CAGR) of 15 per cent. … [Read more...] about Sun Life Financial increases footprint in Asia
Vinamilk records double digit growth in Q2 despite pandemic
Export activities during this period still recorded positive results despite the Covid-19 pandemic as the firm actively sought fresh opportunities, reflected by its exports to the Middle East under a $20 million contract, exports of condensed milk to China; and exports of soy-based nut drink and milk tea to South Korea. … [Read more...] about Vinamilk records double digit growth in Q2 despite pandemic
HCM City to use 20,000sq.m of public lands to resettle Thu Thiem residents
Thu Thiem residents to receive compensation this month More than 300 households in a 4.3ha area located outside the original boundary of the Thu Thiem new urban area project in HCM City’s District 2 will receive compensation this month in exchange for their land, a top city official has said. … [Read more...] about HCM City to use 20,000sq.m of public lands to resettle Thu Thiem residents
