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More than 11,000 enterprises resumed operations, a decrease of 7.6 percent compared to the same period, sending the total number of newly-established enterprises and enterprises resuming operations in the first two months of this year to 29,200. Thus, on average, around 14,600 enterprises are newly-established and back to operations each month. Besides, the number of enterprises that ceased operations and dissolved also increases. In the first two months, there were 33,600 enterprises suspended operations for a limited period, halted operations to file for dissolution procedures, and complete dissolution procedures, up 18.6 percent over the same period. Particularly, 21,600 enterprises paused business for a limited period, up 34 percent; 8,400 enterprises stopped operations to file for dissolution procedures, down 10.7 percent, and 3,600 enterprises completed dissolution procedures, up 28 percent. On average, 16,800 enterprises leave the market each month, higher than the number of enterprises resuming operations. By Han Ni – Translated by Gia Bao …

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During his three years as CEO, Dinh Quang Huy has lead SHB Finance to reach several notable achievements Saigon-Hanoi Commercial Joint Stock Bank (SHB), the owner of SHB Finance, will appoint a new Board member and CEO in due time. Talking with VIR about the move, Dinh Quang Huy was quite satisfied with what SHB Finance has achieved in his three years at the helm, with the support of the management team and nearly 4,000 employees. The move after almost six years of growing the consumer finance business is part of his professional drive. Before joining SHB Finance, Huy had more than two years as CEO of MB Shinsei Finance Company (Mcredit), from the set-up phase to full scale operation. With a broad range of consumer finance loans for low- to medium-income customers, SHB Finance is regarded as a trusted service provider of basic financial needs for Vietnamese customers. During his three-year in the office, SHB Finance has been progressing with notable achievements such as becoming the first finance company rated by Moody's at a B3 Stable outlook right in its first year of operation; mobilising a considerable amount of unsecured funds from institutional investors, including the prestigious ResponsAbility Investment Fund from Switzerland with strict standards; as well as signing a partnership agreement with Mastercard to issue international credit cards. By the end of 2020, the network of SHB Finance has covered 40 key provinces and cities, serving nearly 700,000 customers. Pre-tax profit was VND70 billion ($3.04 million), with balance at the end of the period being VND3.689 trillion ($160.3 million), with bad debts under tight control and stable business results. SHB Finance provides quick and convenient consumer loans for people with low and middle income Throughout a challenging 2020, SHB Finance has proven its capacity and position when recognised by reputable rating agencies and institutional investors. With a broad …

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The Vietnamese Consulate General in Preah Sihanouk has called on Vietnamese-Cambodians and Vietnamese people working in the province to be cautious given the local spread of the COVID-19 pandemic (Photo: VNA) Phnom Penh (VNA) - The Vietnamese Consulate General in Preah Sihanouk has called on Vietnamese-Cambodians and Vietnamese people working in the province to be cautious given the local spread of the COVID-19 pandemic, while following prevention and control measures set by authorities, in particular reducing travel in the current context. The Consulate General has also suggested relevant agencies in the province provide the best care for Vietnamese citizens who tested positive to the coronavirus SARS-CoV-2 in the locality. When help is required, Vietnamese-Cambodians and Vietnamese citizens in Preah Sihanouk can contact the Consulate General via its consular service hotline on 0882 248 888 or the overseas Vietnamese affairs hotline on 0977 988 666. Cambodian Prime Minister Samdech Techo Hun Sen on the night of March 3 instructed competent authorities to stop people’s movement out of Preah Sihanouk in order to prevent the spread of COVID-19 to other provinces, according to the Khmer Times. He also advised boosting vaccinations in the coastal province, underlining that more vaccines, both Sinopharm and AstraZeneca, would be sent there on March 4. Since the third wave of COVID-19 hit Cambodia on February 20, Preah Sihanouk has recorded 80 cases, comprising 60 Chinese, five Vietnamese, and 15 Cambodians./. VNA …

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