Almost 20 years ago, Vu Tri Long, now 50 years old, was listed as a poor man in Village 5, Song Cau Town, Dong Hy District in the northern mountainous province of Thai Nguyen.
Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit.
Some banks have unexpectedly announced they would cut interest rates on VND loans in the Government’s priority sectors to support firms in 2019, starting from August 1.
Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Vietnam (SBV) draft regulation.
VOV.VN - The banking sector has pledged to meet the capital demand for production and business, especially in five prioritized sectors whilst taking over measures aimed to curb inflation and keep on tight credit.
Chairman of Hanoi People’s Committee Nguyen Duc Chung thanked France for providing ODA for Hanoi to carry out projects in cultural preservation, environmental treatment and infrastructure, including urban railway, and asked for more ODA loans to develop transport infrastructure.
The People’s Committee of the southern province of Ca Mau has approved 73 applications to build new offshore-fishing ships and six others to upgrade existing low-capacity fishing ships to serve offshore fishing activities under Decree 67.
Social credit programmes have helped ethnic minorities in the Mekong Delta province of Tra Vinh escape poverty in recent years.
The Mekong Delta province of Bac Lieu showed its appropriate use of official development assistance (ODA) capital during the 2011-2016 period as it disbursed VND607 billion (US$26.6 million) of the allocated VND775 billion (US$33.9 million), or nearly 90%.
Loan sharks in Ho Chi Minh City are bringing their operations to the Internet, providing easier access to their loans while maintaining their terrorizing approach to dealing with debtors.
High-tech and clean agriculture are officially among the priority sectors for bank credit but agriculturalists find it hard to get loans.
Prime Minister Nguyen Xuan Phuc has signed a decision on the Government’s plans to borrow and pay loans as well as limits of loans in 2018.
The Cat Linh-Ha Dong elevated railway line, the first of its kind in the capital city of Hanoi, will start its test run on September 2, the project management board said on March 30.
The Japan Bank for International Cooperation (JBIC) is considering funding the Block B&52/97 project of the Vietnam Oil and Gas Group (PetrolVietnam) using loans without a government guarantee.
The development of coal-fired power plants in Vietnam depends largely on foreign financial resources, especially China.
A draft Law on Public Debt Management was adopted on November 23 at the 14th National Assembly’s fourth session with 85.74 percent of “yes” votes.
Ho Chi Minh City has started laying out the groundwork for a water pipeline that will run over 10 kilometers (6 miles) from its outskirts to the inner-city.
Minister of Finance Dinh Tien Dung pointed out shortcomings in public debt management and put forth solutions to overcome in the coming time while answering questions raised by lawmakers at the fourth session of the 14th National Assembly in Hanoi on November 16.
Around one out of every two Vietnamese borrows money on credit, according to StoxPlus.
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.