Gov’t to tighten public debt management

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Báo điện tử CP English 1 day(s) ago

VGP – PM Nguyen Xuan Phuc has approved a debt management program for the 2016-2018 in a bid to keep public debt under 65% of the gross domestic product (GDP) to ensure the safety of the national financial system.

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Bankrupt creditors may be aided to refund customers

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Báo Đầu Tư English 5 day(s) ago

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Viet Nam (SBV) and other financial firms.

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State Bank works to maintain stable interest rates

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Báo Đầu Tư English 1 week(s) ago

The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.

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Handbook helps banks weigh projects

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Báo Đầu Tư English 1 week(s) ago

The State Bank of Viet Nam has coordinated with the International Finance Corporation (IFC) to prepare a handbook on social and environmental risk assessment for 10 economic sectors serving credit operations of commercial banks.

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Pitfalls in hi-tech agricultural investment

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Báo Đầu Tư English 1 week(s) ago

Investments into hi-tech agriculture are increasing, however, besides caring about whether they are going to enjoy cheaper capital and preferential policies, investors should make sure there is a market for hi-tech agricultural products.

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SBV to issue regulations on $4.4b preferential credit package in April

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Báo Đầu Tư English 2 week(s) ago

The State Bank of Viet Nam (SBV) will issue regulations on directing and guiding commercial banks to implement a VND100 trillion (US$4.4 billion) credit package with preferential interest rates for high-tech agriculture projects.

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Six banks pledge $1.14bn in finance to projects in Quang Nam

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Báo Dân Trí English 1 month(s) ago

Six banks - BIDV, Vietcombank, VietinBank, Agribank, LienVietPostBank, and SHB - pledged credit of VND26 trillion ($1.14 billion) for ten major projects in central Quang Nam province on March 26 at the Investment Promotion Conference.

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SBV should offer failing banks to foreign investors

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Báo Đầu Tư English 1 month(s) ago

The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.

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Summit mulls financial inclusion for all

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SaiGon GP English 1 month(s) ago 1 related news

More organizations are offering new financial products and services that are changing the form and nature of the market and are shaping the future of financial inclusion.

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VND560 billion to support small and medium enterprises in 2017

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Báo Dân Trí English 1 month(s) ago

Small and medium-sized enterprises (SMEs) can enjoy a financial aid package worth a total of approximately VND560 billion for 2017, according to the Ministry of Planning and Investment.

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HCM City offers interest-free loan to industrial businesses

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Báo Đầu Tư English 1 month(s) ago

HCM City will lend up to VND200 billion (US$8.8 million) without interest to viable supporting industry projects.

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Public debt growth due to missed GDP target: minister

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Báo Dân Trí English 1 month(s) ago

The main reason for the rapid rise of Vietnam’s public debt is failure to achieve the targeted economic growth rate and the resulting tax collection shortfall, Finance Minister Đinh Tiến Dũng said.

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Nearly $25 million in preferential loans for SMEs in 2017

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SaiGon GP English 1 month(s) ago

Vietnam Small and Medium Enterprise (SME) Development Fund has announced four preferential loan programs for SMEs in 2017 with the total funds of VND560 billion (US$24.58 million).

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Cautious banks to focus on lending quality

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Báo Đầu Tư English 1 month(s) ago

Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.

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Banks hopeful for mortgage market growth

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Báo Đầu Tư English 1 month(s) ago

With housing demand remaining strong, banks are optimistic 2017 will be a big year for mortgages.

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