Central bank proposes expanding VAMC's operation Business

Central bank proposes expanding VAMC's operation

The State Bank of Vietnam (SBV) has proposed expanding the Vietnam Asset Management Company's (VAMC) operations, saying the agency should purchase and sell bad debts and assets of all sectors in the economy.
Nearly 300 Cambodian SMEs apply for loans from ARDB World

Nearly 300 Cambodian SMEs apply for loans from ARDB

Cambodia’s Agriculture and Rural Development Bank (ARDB) said that it has received more than 288 loan applications so far with a total value of 31 million USD from small and medium sized enterprises (SMEs), according to Khmer Times.
Over 73 percent of Vietnamese firms unable to access credit Business

Over 73 percent of Vietnamese firms unable to access credit

More than 773,000 out of over 1 million firms in the country, or 73.4 percent, are unable to access credit, it was reported at a conference on promoting access to credit held by the National Credit Information Centre (CIC) in Ho Chi Minh City on June 18.
HCM City Innovation and Startup Week launched Society

HCM City Innovation and Startup Week launched

The 2018 Ho Chi Minh City Innovation, Startup and Entrepreneurship Week (WHISE 2018), the city’s biggest startup event of the year, was launched on October 1, with the aim of promoting innovation and startups in the city.
Vietnam needs more ADB funding for private sector Business

Vietnam needs more ADB funding for private sector

Deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu speaks to Vietnam News Agency's English-language newspaper Viet Nam News about these issues on the sideline of the recent ADB 51st Annual Meeting in Manila, the Philippines
Improved economy helps Vietnamese banks Business

Improved economy helps Vietnamese banks

Improved macroeconomic stability was likely to help Vietnamese banks curb new non-performing loans (NPL), Fitch Ratings said in its latest Asia-Pacific Banks Chart of the Month report on Vietnam.
SMEs still find it hard to access loans Business

SMEs still find it hard to access loans

Small- and medium-sized enterprises still face difficulties in trying to access loans and do not have too many options with regard to channels for mobilisation of capital.
Business

Banks move toward non-collateral lending

Commercial banks and credit rating agencies are likely to take their first cautious steps toward providing loans without requiring collateral by evaluating company's portfolios and their leadership.