Vietnam bank for social policies

Tran Lan Phuong, VBSP Deputy General Director, said that in 2019, the policy credit benefited nearly 2.2 million poor households and other policy beneficiaries. This was one of many outstanding achievements of the bank last year, contributing to supporting poor and near-poor households and those who have just got out of poverty to raise incomes, reduce poverty sustainably, and promote socio-economic development.credit programmes, the bank has implemented synchronous measures to consolidate and improve credit quality. As of December 31, 2019, overdue and charged-off debts were over 1.43 trillion VND, accounting for 0.69 percent of the total outstanding loans. policy credit and the increasingly efficient use of capital by the poor and other policy beneficiaries. … [Read more...] about Policy credit contributes to repelling black credit in poor rural areas

 “When our children passed the university entrance exams, we thought we could not afford their study, but thanks to the loan of 88.6 million VND from the bank's credit programme for students, we have taken our children to university. The poverty cannot quench the hopes and dreams of young people in the impoverished countryside” shared Mien.Leverage of economic development … [Read more...] about When the Party’s Directive 40 spreads in life!

There are many reasons behind the stabilization of the exchange rate, said a representative of a HCMC major commercial bank, adding that among them is the fact that the hoarding of U.S. dollars has been subdued as other investment options such as gold and securities have become more attractive and the 2020 inflation rate was predicted to stay at just 3.5-3.8%. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

To enter the EU market, the local businesses must have certification of origin and meet food safety requirements, Hoe said. In addition, they need to pay attention to the agreement’s commitments on increasing the environmental requirements related to fishing to avoid difficulties in seafood export, reported the Nguoi lao dong (Labourers) newspaper. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9

Dung said Vietnam had been taking drastic measures to meet investors’ requirements such as preparing land funds, factories, energy facilities and incentive packages for large projects that applied advanced technology. The country had also created conditions for Vietnamese businesses to join the global value chain. … [Read more...] about Vietnam urged to improve infrastructure to attract more FDI