HCM City budget collections bounce back Business

HCM City budget collections bounce back

Ho Chi Minh City brought in more than 140.3 trillion VND (6.06 billion USD) in budget collections during the January - April period, a 15.76 percent increase year-on-year and fulfilling 30.45 percent of the annual target.
Vietcombank to raise charter capital again Business

Vietcombank to raise charter capital again

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) proposed raising its charter capital to over 50 trillion VND (2.17 billion USD) during its annual shareholders’ meeting on April 23.
Vietinbank eyes 16.8 trillion VND in pre-tax profit Business

Vietinbank eyes 16.8 trillion VND in pre-tax profit

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has set a goal of posting 16.8 trillion VND (728.1 million USD) in pre-tax profit this year, the bank’s annual general meeting on April 16 heard.
Indonesia launches soft loan to revive Bali's tourism industry World

Indonesia launches soft loan to revive Bali's tourism industry

Indonesian Tourism and Creative Economy Minister Sandiaga Uno said on February 16 that the country will roll out a soft loan worth 9.4 trillion Rp (670 million USD) to accelerate tourism recovery in Bali, where 80 percent of population make a living in the sector.
Promoting consumer finance to fight black credit: experts Business

Promoting consumer finance to fight black credit: experts

Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20.
Central bank extends credit growth limits Business

Central bank extends credit growth limits

The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
 ADB loan helps Indonesia promote renewable energy World

ADB loan helps Indonesia promote renewable energy

The Asian Development Bbank (ADB) has approved a 600-million-USD loan to help PLN, Indonesia’s state-owned power company, expand electricity access and promote the use of renewable energy in the eastern region of the country.
Businesses get access to non-interest loan package Business

Businesses get access to non-interest loan package

Forty businesses have received money from the Government’s non-interest loan package of 62 trillion VND (2.7 billion USD) to pay salaries to nearly 1,200 employees who have stopped working due to the serious impacts caused by the COVID-19 pandemic.
Japan provides Cambodia with over 200 million USD loan for COVID-19 relief World

Japan provides Cambodia with over 200 million USD loan for COVID-19 relief

Japan International Cooperation Agency (JICA) on November 10 signed a loan agreement with the Cambodian government to provide a Japanese Official Development Assistance (ODA) loan of about 240 million USD for the COVID-19 Crisis Response Emergency Support Loan, JICA said in a statement on November 18.