On May 7, the SBV issued guidance for Vietnam Bank of Social Policies to provide loans at 0% interest rates with worth a total of VND16 trillion (US$686.42 million) for customers directly affected by the pandemic and businesses in paying salaries and wages for furloughed staffs. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Aig business solution
Credit grows slowly, but banks still make profits
The latest update released at the 2020 shareholders’ meeting showed the bank’s outstanding loans had reached VND291.4 trillion as of May 31, an increase of 9.88 percent compared with the beginning of the year. The central bank explained that because of Covid-19, demand is weak and people have tightened their purse strings. … [Read more...] about Credit grows slowly, but banks still make profits
Science and technology one of the country’s major policies: official
The development of our country in the next five years will embrace the profound effects of the fourth Industrial Revolution, a thriving digital economy, and global competition right in Việt Nam. Natural resources are increasingly becoming more limited, the ecological environment is at risk of pollution, intellectual property disputes are becoming harsher, and innovation is the foundation for competition on each product. Demand for personal consumption and demand for better living conditions have increased. … [Read more...] about Science and technology one of the country’s major policies: official
FPT launches app for extracting information from document photos
Hanoi (VNA) – Telecom group FPT’s affiliate FPT Smart Cloud has officially launched FPT.AI Reader, a solution for identifying and extracting information from images on identification documents, with an accuracy rate of 98 percent. … [Read more...] about FPT launches app for extracting information from document photos
VN central bank’s VND16 trillion aid receives lackluster response from employers
Nguyen Thi Hong, deputy governor of the central bank, noted that of the State’s Covid-19 relief package worth VND62 trillion, the SBV transferred VND16 trillion to the Vietnam Bank for Social Policies, so employers can borrow non-collateral loans with a zero interest rate to pay the salaries of employees who have been furloughed due to the pandemic. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers
