Tags: bank loans

Banks serve as fulcrum for businesses amid epidemic

Banks serve as fulcrum for businesses amid epidemic

VOV.VN - Despite banks making moves to lower annual interest rates by up to 1.5% whilst simultaneously offering a range of support packages, many businesses have no need for loans in the current climate due to the consumption market facing plenty of difficulties.

Vietnam lacking good startup ecosystem to attract capital

Vietnam lacking good startup ecosystem to attract capital

Though Vietnam is considered to offer a strong potential for investments in startups, domestic investors are inexperienced in startup evaluation and foreign investors are discouraged by the complex legal environment, according to an expert.

Jewellers seek better loans for 2018

Jewellers seek better loans for 2018

The Saigon Jewellery Association (SJA) will continue to call on the State Bank of Vietnam to make it easier for jewellery businesses, who seek to invest in upgrading their production and trading technology, in accessing bank loans, its chairman said.

Lending grows 12.16% in nine months

Lending grows 12.16% in nine months

Credit growth of the entire banking system in the last 10 days of September rose 1.14%, pushing the total increase in the first nine months of this year to 12.16%, the latest report from the State Bank of Vietnam (SBV) showed.

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.

HCM City guarantees loans for SMEs

HCM City guarantees loans for SMEs

The HCM City Credit Guarantee Fund provided guarantees to eight projects of small- and medium-sized enterprises (SMEs) in 2016 so they could get loans worth a total of VND360 billion (US$16.07 million).

Small firms in Vietnam lack access to bank credit

Small firms in Vietnam lack access to bank credit

Vietnam’s 600,000 small and medium-sized enterprises continue to grapple with limited access to credit even though they play an important role in the economy and account for 52% of total employment, the Vietnam Chamber of Commerce and Industry (VCCI) said.

Nation needs proper policies for start-ups

Nation needs proper policies for start-ups

Vietnam is paying special attention to business development, with the government promoting start-up movements so that nationwide businesses will double to a million within the next five years.

Only 30% of SMEs have access to bank loans

Only 30% of SMEs have access to bank loans

Only about 30% of small and medium-sized enterprises (SMEs) have gained access to bank loans, while the rest have to borrow from other sources at high interest rates, according to the Science Institute of SMEs Management (SISME).

Onus on beef industry to improve competitiveness

Onus on beef industry to improve competitiveness

(VOV) - If the beef industry does not undergo a remarkable transformation, it will not be sufficiently competitive with imported beef in the future to survive, according to Nguyen Dang Vang, President of the Vietnam Husbandry Association.

Cashew nut exporters need more support

Cashew nut exporters need more support

(VOV) -The Vietnam Cashew Association (Vinacas) has called for commercial banks to lower interest rates for local cashew nut exporters in a bid to stimulate lending to revamp the industry and increase competitiveness.

Business confidence grows: VCCI survey

Business confidence grows: VCCI survey

A national survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI) has revealed growing business confidence for the new year.

National economy back on track

National economy back on track

(VOV) - Ministry of Planning and Investment (MPI) statistics show that the national economy has made substantial progress in the first seven months of this year, with major economic indexes on track.