Consumer credit has grown by five times in the last five years, according to the State Bank of Vietnam. The Financial Times newspaper noted that Vietnam’s consumer lending field remains ‘young’. Vietnam has great potential to develop the field thanks to the young population (70 percent of people are 15-64 years old) and the high economic growth rate (over 6 percent). It's easy to access consumer loans In late 2012, total consumer loans were VND230 trillion, accounting for 8 percent of total outstanding loans of the economy. By late 2017, the figure had reached VND1,100 trillion, or 4.8 times higher than 2012, accounting for 18 percent of total outstanding loans. As of December 31, 2018, the total assets of finance and finance leasing companies had reached VND167.822 trillion, up by 18.27 percent over the end of 2017, while their chartered capital had increased by 17.2 percent and regulatory capital by 39.4 percent. The consumer lending market includes … [Read more...] about Consumer credit: risks loom large
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Dr William Brian McNaull. — Photo courtesy of Family Medical Practice By Dr William Brian McNaull* What is AIDS? AIDS is the most advanced stage of HIV infection. Once HIV infection develops into AIDS, infections and cancer pose a greater risk. Without treatment, HIV infection is likely to develop into AIDS as the immune system gradually wears down. However, advances in ART mean than an ever-decreasing number of people progress to this stage. By damaging your immune system, HIV interferes with your body's ability to fight the organisms that cause disease. There's no cure for HIV/AIDS, but there are medications that can dramatically slow the progression of the disease. These drugs have reduced AIDS deaths in many developed nations. Primary infection (Acute HIV) Most people infected by HIV develop a flu-like illness within a month or two after the virus enters the body. This illness, known as primary or acute HIV infection, may last for a few weeks. Possible signs and … [Read more...] about To-your-health: Raise awareness about AIDS
In the first six months of the year, heavy rains flooded many regions in the country, causing significant loss of life and property. Photo: baohaiquan.vn In the first six months of the year, heavy rains flooded many regions in the country, causing significant loss of life and property, he said at the “Prevention of Disaster in Southern Provinces” seminar. Nguyen Hiep of the Vietnam Disaster Management Authority said the agency in the last six months of this year would work with southern cities and provinces to set up a disaster-prevention and relocation plan for households living in coastal areas. Local authorities would be tasked to check areas facing a high risk of landslides and move residents to safe places, while workers will be assigned to guard roads at risk of being inundated by water, he said. In the first half of the year, 75 people were killed or missing while 48 others were injured during natural disasters. Total economic damages reached VND 868.5 billion … [Read more...] about Prevention and relocation plan needed for Southern region
La Ngoc Khue, former Deputy Minister of Transport, said that a slower train is a far better option for the country at present, instead of the superfast train that comes with a very heavy budget burden. Khue said that a train speed of 350 kilometers per hour (kph) as proposed by the Ministry of Transport (MoT) is redundant. "As the TEDI-TRICC-TEDISOUTH consultancy consortium has estimated, actual demand in 2050 would only meet 40 percent of its capacity of 364,000 people a day. This means 60 percent of seats will not be occupied, while no cargo will be transported, a huge waste of capacity," he told VnExpress. Railways should have the capacity to transport cargo. The World Bank has noted that Vietnam’s logistics cost accounts for 21 percent of its GDP, twice that of Thailand. The main reason is that Vietnam is far too dependent on roads while existing railway routes carry a small fraction of the total volume, Khue noted. "Both China and Japan own the world’s … [Read more...] about A 350 kph train is fast, but where will it get Vietnam?
BizInfo FE CREDIT launches digital roadmap for its super financial app Monday, Dec 16, 2019,11:31 (GMT+7) FE CREDIT launches digital roadmap for its super financial app FE CREDIT has stepped up its “digital transformation game” by launching a new super mobile app, which promises to provide superior digitally financial experience to meet all diverse needs of its customers. Over the past three years, FE CREDIT has realized that there were certain factors causing their business to change. One of them was that the customer behavior has been undergoing a rapid change. Although the company’s main target customers are mostly blue-collar workers, it was observed that they were becoming extremely mobile-centric and digitally savvy. FE CREDIT also revealed the fact that they were getting a huge volume of incoming calls from customers at about 600,000 calls per month and 60% of them were basic queries such as card … [Read more...] about FE CREDIT launches digital roadmap for its super financial app