VOV.VN - The Office of the President on February 19 announced the President’s decision to promulgate the amended Land Law and the amended Law on Credit Institutions which was passed by the National Assembly at its recent extraordinary session.

The State Bank of Vietnam has issued a directive urging credit institutions to accelerate credit growth from the early months of 2024, a pivotal step toward propelling economic growth.

FPT Information System Company Limited (FPT IS) and Carbon EX have just signed a Memorandum of Understanding on cooperation in providing services and solutions to promote carbon credit projects.

The settlement of bad debts will face many difficulties this year as there are no legal regulations related to repossessing collateral assets, industry insiders said.

Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday).

High demand during the Tet shopping season has prompted commercial banks to introduce credit offers worth hundreds of billions VND for consumers, said industry experts and insiders.

Credit growth will be the main focus for the banking industry in 2024, as it is closely related to economic growth, according to analysts.

Lilama 2 Technology International College in the southern province of Dong Nai on January 17 signed a contract with the UK’s BTEC Pearson on the transfer of training programmes in semiconductor technology and carbon credits.

VOV.VN - The National Assembly approved the amended Land Law at the extraordinary session in Hanoi on January 18.

Outstanding credit of the banking system is forecast to increase 4.4% in the first quarter and 14.2% in 2024, up 0.4 percentage point from the previous prediction of 13.8%.