Central bank warns of NPLs from transport projects Business

Central bank warns of NPLs from transport projects

The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.
Trade wars, speculation to hurt stocks Business

Trade wars, speculation to hurt stocks

The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.
Credit institutions warned about P2P lending Business

Credit institutions warned about P2P lending

The State Bank of Vietnam (SBV) has warned Vietnamese credit institutions and foreign banks in the country to be cautious before working with peer-to-peer (P2P) lending companies as there are many risks related to the service.
European firms optimistic with EVFTA Business

European firms optimistic with EVFTA

The EU-Vietnam Free Trade Agreement (EVFTA) will provide a cooperation framework, helping the two sides discuss regulations, simplify customs procedures and build a mechanism to address potential risks, according to Pascale Rouhier, Secretary General of the European Liaison Committee for Agricultural and Agri-Food Trade.
Lack of cooperation prevents spread of non-cash payments Business

Lack of cooperation prevents spread of non-cash payments

A lack of cooperation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Vietnam, Nguyen Dinh Thang, Chairman of LienVietPostBank’s Board of Directors, said at the Banking Vietnam 2019 event in Hanoi on May 30.
Laos’ economic growth outlook stable for 2019, 2020 World

Laos’ economic growth outlook stable for 2019, 2020

Economic growth in Laos is expected to remain stable in 2019 and 2020 – backed by the expansion of the agriculture, energy, industry, and service sectors – according to the Vientiane Times’ quoting of the latest report of the Asian Development Bank (ADB) on April 4.
Pollution hotspots need much stricter control Environment

Pollution hotspots need much stricter control

Fewer new pollution hotspots have been found in Vietnam in the past few years, but vigilance is needed to control potential risks, the Ministry of Natural Resources and Environment’s Vietnam Environment Administration has said.
Central bank warns of P2P lending Business

Central bank warns of P2P lending

The State Bank of Vietnam (SBV) has warned local people and firms to consider carefully and be cautious before taking part in peer-to-peer (P2P) lending as there are many potential risks related to the service.