Businesses propose incentives amid COVID-19 outbreak Business

Businesses propose incentives amid COVID-19 outbreak

Cutting interest rates and corporate income and added value duties, and extending loan payments and tax and social insurance collections were among the proposals raised by businesses at a seminar in Ho Chi Minh City on March 17.
Banking sector to cash in on benefits from EVFTA Business

Banking sector to cash in on benefits from EVFTA

The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders.
Banks urged to cut interest rates for epidemic-hit firms Business

Banks urged to cut interest rates for epidemic-hit firms

The State Bank of Vietnam (SBV) has urged domestic and branches of foreign credit institutions to offer a cut in loan interest rates for businesses affected by the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) which is taking toll on the regional economies.
Thailand gives urgent support to tourism operators World

Thailand gives urgent support to tourism operators

Thailand’s economic ministers on January 31 endorsed urgent aid measures for tourism operators battered by the coronavirus outbreak. According to local media, the measures include a soft-loan scheme and principal and interest payment suspension for six months by state-owned banks, including Krungthai Bank, Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives.
ADB provides loan for 50MW solar power plant in Tay Ninh Business

ADB provides loan for 50MW solar power plant in Tay Ninh

The Asian Development Bank (ADB) has signed a 37.8 million-USD loan deal with TTC Energy Development Investment JSC (TTC Energy) to provide long-term financing to develop and operate a 50-MW photovoltaic solar power plant in the southern province of Tay Ninh.
ADB approves 200-mln-USD loan for Philippines World

ADB approves 200-mln-USD loan for Philippines

The Asian Development Bank (ADB) said on December 13 that it has approved a 200 million USD loan to help the Philippine government prepare implement major infrastructure projects under its flagship "Build, Build, Build" development programme.
Banks forecast strong performance despite credit slowdown Business

Banks forecast strong performance despite credit slowdown

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week.
BIM Land to get 87.5 million USD loan from IFC Business

BIM Land to get 87.5 million USD loan from IFC

The BIM Land Joint Stock Company, a property developer under the BIM Group, has reached a deal with the International Finance Corporation (IFC), a member of the World Bank Group, for an 87.5 million USD loan to develop tourism infrastructure in Vietnam and Laos.