Banks to provide over 12-billion-USD credit to epidemic-hit firms Business

Banks to provide over 12-billion-USD credit to epidemic-hit firms

The banking sector is building a credit support programme with a value of 285 trillion VND (over 12.2 billion USD) for firms hit by the epidemic of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19), in an attempt to help ease their difficulties, according to an official of the State Bank of Vietnam.
State Bank orders actions to fight black credit Business

State Bank orders actions to fight black credit

The State Bank of Vietnam (SBV) has issued a document requesting credit organisations and branches of foreign banks to expand credit activities serving production, business and consumption as part of efforts to limit “black credit”.
Workshop reviews Vietnam’s growth model reform Business

Workshop reviews Vietnam’s growth model reform

Vietnam’s economic restructuring and growth model reform in 2016-2020 have been benefiting from positive changes in policies and achievements in the 2011-2015 period, according to economist Nguyen Dinh Cung.
HCM City's retail sales remain strong Business

HCM City's retail sales remain strong

Ho Chi Minh City’s retail sales and services grew by 12.2 percent year-on-year in the first half to nearly 600 trillion VND (25.8 billion USD), according to its Department of Industry and Trade.
State Bank to continue stepping up administrative reform Business

State Bank to continue stepping up administrative reform

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has stated that the SBV will continue stepping up administrative reform in the near future, with a focus on improving the business environment in monetary and banking fields, and corporate support.
Trial held for former Dai Tin Bank leaders Society

Trial held for former Dai Tin Bank leaders

The Ho Chi Minh City People’s Court on May 2 opened the first trial for Hoang Van Toan, former chairman of the board of directors of Dai Tin (Trust) Bank – predecessor of the Vietnam Construction Bank (VNCB), Tran Son Nam, former general director of the bank and their accomplices.
Banks pursue sustainable growth Business

Banks pursue sustainable growth

The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector.