PM lauds bank’s contributions to poverty reduction Politics

PM lauds bank’s contributions to poverty reduction

Prime Minister Nguyen Xuan Phuc has applauded significant contributions of the Vietnam Bank for Social Policies (VBSP) to the country’s poverty reduction and socio-economic development while attending a Lunar New Year meeting of the bank on February 11 or the seventh day of the first lunar month.
Over 2.2 billion USD spent on national target programmes Society

Over 2.2 billion USD spent on national target programmes

As much as 51.7 trillion VND (2.25 billion USD) of the State budget was spent on implementing national target programmes in 2017, including 15.2 trillion VND (664.2 million USD) sourced from the central budget and 11 trillion VND (480.7 million) of investment capital for development.
Creditors adjust growth forecasts Business

Creditors adjust growth forecasts

Despite expectations of stable interest rate levels this year, credit institutions have made adjustments in their forecast for capital mobilisation and credit growth in the second quarter and the year.
Credit grows 1 percent in January: NFSC Business

Credit grows 1 percent in January: NFSC

The National Financial Supervisory Commission (NFSC) has reported that credit in the first month of the year saw a growth rate of 1 percent, the highest month-on-month increase over the past five years.
State ups agriculture investment Society

State ups agriculture investment

The State invested some 611 trillion VND (27.4 billion USD) in agriculture and rural areas during 2011-15, 1.83 times higher than the previous five-year period.
SBV asked to keep lending limits Business

SBV asked to keep lending limits

The HCM City Real Estate Association (HOREA) has proposed the State Bank of Vietnam (SBV)'s regulations on lending limits and capital adequacy ratio requirements for credit institutions.

Government allays property bubble fears

The pick-up of the property market has triggered bubble fears, but State management agencies said the market would be closely watched to prevent it from happening again.

Banks help production recovery in Quang Binh

Signs of business and production recovery are showing in the central province of Quang Binh due to the effective efforts of local banks in dealing with difficulties in capital access for enterprises.

Business earnings fall in Hanoi

Enterprise revenues in Hanoi in the first four months decreased 5-15 percent against the same period last year, said the city's Department of Industry and Trade, which met with about 100 business representatives.

The business performance of the firms was down due to lower consumption caused by the global economic crisis, the department said.

Prime Minister outlines banking reform

Foreign banks will be encouraged to compete equally as well as boost business co-operation with domestic credit organisations, under a plan adopted by Prime Minister Nguyen Tan Dung last week.