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.
Acacias, shrimps make Quang Ninh farmer rich Business

Acacias, shrimps make Quang Ninh farmer rich

With an annual income of more than 2.5 billion VND (111,200 USD), a farmer in the northern province of Quang Ninh has fellow farmers queuing up to learn his new techniques in agriculture production.
EVN earns 43.6 million USD from divestment Business

EVN earns 43.6 million USD from divestment

Electricity of Vietnam (EVN) has completed divestment from three real estate companies, while reducing its capital at EVN Finance Company to 16.5 percent of its original charter capital.
Banks need more funds for non-performing loans Business

Banks need more funds for non-performing loans

Banks will need more provisional funds to support the risk of non-performing loans (NPLs) in accordance with national requirements for controlling bad debts, reported Dau tu (Vietnam Investment Review) online.
Business

New circular targets safer growth for banks: SBV

State Bank of Vietnam Deputy Governor Nguyen Thi Hong has affirmed the need for Circular 36, saying the regulations would help the Vietnamese banking sector develop more safely.

Hong was responding to this week's recommendations from the Vietnam Business Forum's (VBF) banking working group.

Last November, the SBV issued Circular No 36/2014/TT-NHNN, regulating prudential ratios for the operations of credit institutions and foreign bank branches.
Business

Traders turn optimistic on Vietnamese branded goods market

Despite economic difficulties that have forced the majority of consumers to tighten their budgets, producers of branded goods have reaped steady profits because of high-income earners, the English language news website VietNamNet Bridge reported on July 20.


Business

Technology holds key to growing quality produce

The Mekong River Delta should increase the use of advanced technologies as well as good agricultural practices (GAP) in fruit and vegetable production to enhance quality and safety, experts told a seminar held in Tien Giang on June 16.
Business

State Audit of Vietnam to focus on SOEs

The State Audit of Vietnam (SAV) is penning the 2014 audit plan, to be unveiled within the next few weeks. Deputy Auditor General Doan Xuan Tien sat down with Vietnam Investment Review to outline the office’s operational focus next year.
Business

Credit institutions asked to deal with bad debts

Recently, Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh issued Document 8421/NHNN-TTGSNH on the implementation of the Prime Minister’s directives detailed the Decision 843/QD-TTg dated May 31, 2013 approving the two projects of "Dealing with bad debts of the credit institutions system" and "Establishing the Vietnam Asset Management Company". Vietnam Business Forum finds out more.
Culture - Sports

Son Dong fine arts village, home of artisans

Son Dong village in Hanoi ’s outlying Hoai Duc district is known as a dynamic craft village with enduring vitality, where talented artisans breathe fresh air into their products and enthusiastically promote their brand to the world.
Business

New rule aims to reduce number of weak banks

Under-performing banks may have to file for bankruptcy if they cannot meet new conditions set out by the central bank under a recently issued circular that is effective on April 27.

Circular No07/2013/TT-NHNN requires that certain banks restructure through merger or acquisition with other credit institutions.