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HCM City backs Thailand’s KBank to open first branch in VN

HCM City backs Thailand’s KBank to open first branch in VN

Ho Chi Minh City will create favourable conditions for Thai-based Kasikorn Bank (KB Bank) to open its branch in the city, the first of its kind in Vietnam, helping diversify local credit and banking activities, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.

Canada supports SME development in Tra Vinh

Canada supports SME development in Tra Vinh

The management board of the small- and medium-sized enterprise development project in the Mekong Delta province of Tra Vinh (SME Tra Vinh) has revealed that it will spend 70 billion VND (3 million USD) to support provincial SMEs in 2019, including over 65 billion VND from the Canadian government in non-refundable aid.

BIDV’s pre-tax profit up over 30% in nine months

BIDV’s pre-tax profit up over 30% in nine months

The Bank for Investment and Development of Vietnam (BIDV)’s pre-tax profit increased by 30.6% year-on-year to VND7.2 trillion (US$305.45 million) in the first three quarters of 2018.

Unlock further agri-financing opportunities for processing firms

Unlock further agri-financing opportunities for processing firms

IFC, a member of the World Bank Group, in partnership with Vietnam Prosperity Commercial Joint Stock Bank (VPBank) is extending a commodity financing facility of up to $50 million to Tan Long Group, one of Vietnam’s leading commodity traders as a key step to unlock further agri-financing opportunities in this high-potential sector.

CPTPP brings Vietnam direct economic benefits

CPTPP brings Vietnam direct economic benefits

VOV.VN - The Comprehensive and Progressive Pacific Partnership (CPTPP) will yield robust economic gains for Vietnam, says a new World Bank report, released on March 9 as Vietnam and 10 other countries sign the agreement.

Vietnamese firms spend less on R&D

Vietnamese firms spend less on R&D

Innovation was critical for the growth of factory productivity, but Vietnamese firms spent less on research and development (R&D) than in most other Southeast Asian countries.

Vietnam seeks ways to engage more deeply in global value chains

Vietnam seeks ways to engage more deeply in global value chains

Vietnam has successfully integrated in several global value chains and can increase its added value by policy reforms and initiatives in the fields of transport, services, border procedures and regional integration, said Ousmane Dione, World Bank (WB) Country Director for Vietnam.

SME Bank holds CLMV market penetration seminar

SME Bank holds CLMV market penetration seminar

The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has held a seminar offering tips to investors seeking to set up businesses in Cambodia, Laos, Myanmar and Vietnam.

SME support won’t be in cash

SME support won’t be in cash

Support provided to small and medium-sized enterprises (SMEs) will not be in cash, but rather take the form of favourable conditions in order for SMEs to grow, Deputy Minister of Planning and Investment Dang Huy Dong has said.

NA deputies debate bill on SME support

NA deputies debate bill on SME support

National Assembly deputies debated the draft bill on supporting small and medium-sized enterprises (SME) during the ongoing third meeting on May 23.

SME development fund offers VND560 billion aid package

SME development fund offers VND560 billion aid package

The Small- and Medium-sized Enterprise (SME) Development Fund has launched a financial aid package worth VND 560 billion (US$24.64 million) for SMEs, according to the Ministry of Planning and Investment (MPI).

SME fund fails to meet lending target

SME fund fails to meet lending target

Though the Small and Medium Enterprise (SME) Development Fund was established a year ago, so far only three firms have got loans from it, fund director Hoang Thi Hong said.

National Assembly aims to clarify SME criteria

National Assembly aims to clarify SME criteria

National Assembly Chairwoman Nguyen Thi Kim Ngan called it critical to clarify criteria determining which businesses are small and medium sized in order to raise feasible support as the country aims to boost its private sector and start-up culture.