Tag: credit
New firms up 0.2% in seven months
The number of new firms established in the January-July period, at 89,600, was up 0.2% from the same period last year, but their total registered capital reduced by 17.1% to VND834 trillion (US$35.2 billion), reported the General Statistics Office.
BC Card: Vietnamese tourists are biggest spenders in RoK
VOV.VN - Data released by Korean credit card issuer BC Card on July 28 shows that the number of transactions made by Vietnamese tourists in the Republic of Korea (RoK) during the first half of the year saw the sharpest growth among other visitors, increasing by 468% on-year.
Vietnam considers domestic carbon credit exchange to enhance green transactions
In light of Vietnam's projected generation of approximately 10.8 million voluntary carbon credits annually, there is a growing demand for efficient exchange and purchase mechanisms, prompting active discussions about the establishment of a domestic carbon credit exchange.
H1 state budget revenue reaches 54% of yearly target: MoF
The state budget revenue stood at VND875.8 trillion (US$37 billion) in the first half of 2023, equivalent to 54% of this year’s target, reported the Ministry of Finance (MoF).
Central bank asks credit institutions to reduce interest rates
The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.
Shinhan Bank, BC Card collaborate on acquiring business development
Shinhan Bank Vietnam Limited on June 29 signed a memorandum of understanding (MoU) with BC Card Company to establish a strategic collaboration in the development of acquiring business in Vietnam.
Banking sector focuses on credit institution restructuring
The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
Credit growth still low in first half of 2023: SBV
Credit growth since the start of 2023 remains low, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said, blaming that fact on both subjective and objective causes.
Credit growth expected to improve in H2 2023
The State Bank of Vietnam (SBV) and relevant ministries are currently implementing a series of solutions aiming to increase the capital absorption of the economy amid low credit growth.
Measures sought to facilitate businesses’ access to credit
A conference discussing solutions to facilitate businesses' access to credit and promote capital absorption of the economy took place on June 19 in Hanoi.
