Vietnamplus

Police in Ho Chi Minh City have taken various measures to combat loan sharks, and their efforts have paid off.

The Thailand Board of Investment (BOI) announced on May 22 that the number of applications for investment during the first quarter of this year surged by 77% annually to 185.7 billion THB (5.4 billion USD), led by electronics, food and automobiles.

Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by businesses in the south-eastern region to the State Bank of Vietnam (SBV).

The State Bank of Vietnam (SBV) has been drastically implementing measures, particularly those to reduce loan interest rates, said its deputy governor Dao Minh Tu at a regular government press conference on May 5, calling it one of the important and practical policies to help businesses.

In efforts to develop a green and circular economy, Vietnam is taking steps to boost green credit, the Lao dong (Labour) daily reported.

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

Home Credit on March 8 officially launched the project “Home for Life” to offer free-interest loans to women in remote areas in the northern mountainous province of Yen Bai.

The group of the four biggest State-owned banks (Big 4) have launched preferential loan packages with interest rate reductions of up to 3% per year to lower short-term lending rates to only 7% per year.

The Bank for Investment and Development of Vietnam (BIDV) on February 16 officially issued a Sustainable Loan Framework in consultation with the Carbon Trust.

Lying on the south central coast of Vietnam, Phu Yen province is endowed by nature with a peaceful and romantic environment that has attracted many visitors.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has directed banks to continually reduce input costs with an aim to cut loan interest rates.

A 50 million USD loan for Cambodia has been approved by the Manila-based Asian Development Bank (ADB) to support the country’s energy transition programme.

The US International Development Finance Corporation (DFC) and the Southeast Asia Commercial Joint Stock Bank (SeABank) officially signed a loan agreement worth 200 million USD.

The Asian Development Bank (ADB) has approved a 70-million-USD loan to Cambodia to support government efforts to deepen reforms in upper secondary science, technology, engineering, and mathematics (STEM) education across the country.

The Vietnam International Bank (VIB) has just completed the procedures for the disbursement of a 150 million USD loan from the International Finance Corporation (IFC), a member of the World Bank Group.

The Thai government approved a low-interest loan project to improve liquidity for aquatic enterprises (phase II), with a credit limit of 5 billion baht (about 130 million USD), on November 1.

Cambodia and Japan have signed a deal for the funding of the container terminal expansion at Sihanoukville deep-water port in the Cambodian province of Preah Sihanouk, reported the Kampuchea Thmey Daily on August 8.

HSBC Vietnam and other financial institutions have agreed to provide a syndicated loan worth 700 million USD, with a greenshoe option of 300 million USD, for the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).

Agricultural loan outstanding has reached close to 2.8 quadrillion VND (119.44 billion USD), accounting for roughly 25% of total loan outstanding, according to Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.

The World Bank’s Board of Executive Directors on June 22 approved a 178.1 million USD loan to help the Philippines combat malnutrition.