Nearly 300 Cambodian SMEs apply for loans from ARDB World

Nearly 300 Cambodian SMEs apply for loans from ARDB

Cambodia’s Agriculture and Rural Development Bank (ARDB) said that it has received more than 288 loan applications so far with a total value of 31 million USD from small and medium sized enterprises (SMEs), according to Khmer Times.
Vietnam prioritises developing domestic market Business

Vietnam prioritises developing domestic market

Vietnam is giving priority to developing the domestic market as the risk of COVID-19 gradually falls, Deputy Minister of Planning and Investment Tran Quoc Phuong said at a press conference after the regular Government meeting on May 5.
Business

State bank regulates debt grouping

State Bank of Vietnam Governor Nguyen Van Binh this week issued a directive on classification of restructured debts to ensure that credit institutions perform safely and more effectively.
Business

Financial firms jostle for slice of credit pie

Personal credit is no longer a “big earner” for the banks only, as financial companies are rushing to cash in on this market, say industry insiders.

Statistics show that Vietnam is now home to 17 financial companies, which have been established by domestic and foreign-invested groups and corporations. These financial companies provide loans enabling consumers to buy cars and houses, similar to services provided by the banks.
ASEAN

World Bank, IFC prepare loan for Thailand

The World Bank via the Clean Technology Fund and the International Finance Corporation (IFC) are ready to extend soft loans of 700 million USD to help Thailand develop alternative energy and boost the efficiency of its energy consumption, according to Energy Minister Wannarat Channukul.