Association proposes housing stimulus package Society

Association proposes housing stimulus package

The HCM City Real Estate Association has proposed the State Bank of Vietnam raise a stimulus package similar to its previous 30 trillion VND (1.3 billion USD) preferential home loan package.
SBV leader believes in healthier banking activities in coming time Business

SBV leader believes in healthier banking activities in coming time

Governor of the State Bank of Vietnam Le Minh Hung on November 17 continued taking part in lawmakers’ question-and-answer session, making clear issues relating to the baking system’s issues, including credit growth, debt rescheduling for storm victims, and credit institution restructuring.
Banks urged to serve low earners Business

Banks urged to serve low earners

Vietnam has significant room to promote inclusive finance, given 70 percent of its population is living in rural areas and many are locked out of the conventional banking system due to low income, experts have said.
PM urges lower interest rates, stable taxes Business

PM urges lower interest rates, stable taxes

The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.
Tra Vinh works to reduce poverty rate Society

Tra Vinh works to reduce poverty rate

The Mekong Delta province of Tra Vinh is making a beeline for sustainable poverty reduction, aiming to cut the rate of impoverished households in the locality by 2.5 percent by the end of this year.
Credit balance of social policies bank rises Business

Credit balance of social policies bank rises

The Vietnam Bank for Social Policies (VBSP) said it had a total credit balance of nearly 166.43 trillion VND (7.3 billion USD) as of June 30, 2017, up 5.8 percent compared with the end of last year.