Saigon - Hanoi Commercial Joint Stock Bank (SHB) has just become the only Vietnamese representative to be honoured as “Bank of the Year 2020” by The Banker magazine.
ASEAN and Indian leaders reaffirmed commitment to orienting bilateral ties in the 21st century during the 17th ASEAN-India Summit held in Hanoi on November 12 under the chair of Prime Minister Nguyen Xuan Phuc.
High-quality human resources will play a decisive factor in the success of the country’s digital transformation process, Deputy Prime Minister Pham Binh Minh said at a conference held in Ho Chi Minh City on October 30.
Hungarian Minister of Foreign Affairs and Trade Peter Szijjártó will pay an official visit to Vietnam on October 16, on the occasion of the 70th anniversary of the two countries’ diplomatic ties.
The domestic agriculture sector is in need of solutions to optimise capital and science and technology, thus raising productivity, quality, and value in service of both domestic and foreign markets, the fifth national farmers’ forum held in Hanoi on October 13 heard.
Though the COVID-19 pandemic may linger into the end of 2020, the property market will bounce back soon and develop strongly in 2021 and 2022 thanks to the Government’s resolve and timely action, according to Savills Vietnam Managing Director Neil MacGregor.
The Vietnam Aviation Business Association (VABA) has proposed the Government lend domestic airlines a credit package of between 25-27 trillion VND (1.08-1.17 billion USD) at a preferential interest rate for a three-four year term.
The HCM City Development Joint Stock Commercial Bank (HD Bank) reported impressive results on August 3 for the first half of 2020, with pre-tax profit growing 31.5 percent year-on-year to over 2.9 trillion VND (124.3 million USD).
The Indonesian government has prepared a credit package worth up to 4.2 trillion rupiah (about 285 million USD) to support micro, small and medium-sized enterprises (MSMEs) to resume production amid the complicated developments of COVID-19, according to Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan.
Senior officials of ASEAN countries and India agreed to enhance the two sides’ cooperation in various fields at their 22nd annual meeting held online on July 16.
The Government needs to do more to revive the business sector, Dr Tran Hung Son, Deputy Director of the Institute for Development and Research in Banking Technology under the Vietnam National University-HCM City has said.
A social housing credit package worth 30 trillion VND (1.3 billion USD) is on the verge of running out, and this could pose difficulties for low-income people when it comes to renting or buying property.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced that it plans to reschedule debts worth 250 trillion VND (10.5 billion USD) for pandemic-affected customers in the second and third quarters of 2020.
Low demand for capital due to COVID-19 has caused bank credit in the first half of April to drop 0.5 percent compared with the end of March, according to the State Bank of Vietnam (SBV).
The Agriculture and Rural Development Bank (Agribank) has said it will increase the support level for its credit package worth 100 trillion VND (4.3 billion USD).
Vietnam’s economic growth in the second quarter is almost certain to be down against the first quarter as the COVID-19 pandemic impacts the world, experts have said.
Property consultants Savills Vietnam have adopted a positive outlook on real estate investment in Vietnam amid the COVID-19 pandemic, saying that when it eases there will be increasing numbers of investors injecting new capital into the sector.
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XIII National Congress of Communist Party of Vietnam
