Tag: "loans"

SME transparency a must for loans: experts

SME transparency a must for loans: experts

Small and medium-sized enterprises (SMEs) must improve their transparency to enable them to access banking credits, experts said at a conference on October 5.

HCM City credit growth reaches 13.5 percent in 9 months

HCM City credit growth reaches 13.5 percent in 9 months

Outstanding loans of commercial banks in HCM City in the first nine months of 2017 rose 13.5 percent against December last year to more than US$73.57 billion, the city People’s Committee report stated.

Vietnam says bad debts under control

Vietnam says bad debts under control

Nonperforming loans (NPLs) must be revolved at the earliest, especially in the banking and financial sector, in order to strengthen Vietnam’s economy, ensure efficiency and boost effectiveness in capital allocation, a World Bank Group (WBG) official told a seminar on September 26.

Thirty million people access soft loans in 15 years

Thirty million people access soft loans in 15 years

Over 30 million poor households and other welfare beneficiaries have accessed soft loans from the Vietnam Bank for Social Policies (VBSP) as of the end of August 2017, according to the VBSP.

VAMC needs more capital to settle bad debts

VAMC needs more capital to settle bad debts

The Vietnam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.

VCCI: Half of private firms take loans for operation

VCCI: Half of private firms take loans for operation

Local private enterprises have improved their productions and operations, but half of them still must take operational and production loans, according to the Vietnam Chamber of Commerce and Industry (VCCI).

Credit growth reported at 9.06% in six months

Credit growth reported at 9.06% in six months

Vietnam posted a credit growth rate of 9.06% as of June 30 compared to the end of last year, which did not pressure interest rates, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said on July 21.

SMEs hard to access bank loans

SMEs hard to access bank loans

Nearly 70% of 2,600 surveyed small-and-medium sized enterprises (SMEs) had to seek loans on the black market as they were unable to access bank loans.

Hoa Lac High-tech Park requests US$364 million

Hoa Lac High-tech Park requests US$364 million

The Hoa Lac High-tech Park (HHTP)’s management board has sent a report to the Ministry of Planning and Investment requesting nearly VND8.3 trillion (US$364 million) for land clearance and infrastructure construction.

Right mix for consumer loans to flourish: experts

Right mix for consumer loans to flourish: experts

Consumer lending has the potential for explosive growth in Vietnam, but this can only happen with significant improvements in consumer satisfaction with credit institutions and loan conditions, experts say.

Right mix for consumer loans to flourish: experts

Right mix for consumer loans to flourish: experts

Consumer lending has the potential for explosive growth in Vietnam, but this can only happen with significant improvements in consumer satisfaction with credit institutions and loan conditions, experts say.

Deputy PM chairs meeting on ODA, preferential loans use

Deputy PM chairs meeting on ODA, preferential loans use

World Bank (WB) preferential loans during the 2017 fiscal year will be used for sustainable development, infrastructure, improvement of tertiary education, and disaster recovery in the central region, said Deputy Prime Minister and Foreign Minister Pham Binh Minh.

Startups score lift with new SME law

Startups score lift with new SME law

In a bid to facilitate the development of private startups, the Law on Supporting Small-and Medium-sized Enterprises (SMEs) will offer plenty of incentives ad foster the establishment of private investment funds to provide them with loans.