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Do Thi Bich Mai, director of VietinBank's operation division, noted that SMEs in Vietnam usually depend on internal funds or borrowing from entrepreneurs, relatives, and friends. “Thus, they are in need of public support and venture finance. The pandemic has further decreased the cash flow and working capital of SMEs,” Mai said. “Even some major asset management companies are more interested in purchasing sour debts associated with large collateral from banks. That could pose a real challenge for funds like the SMEDF if any non-performing loans incur.” … [Read more...] about Caution urged for SME fund processes

Travel agencies discuss overcoming pandemic's consequences Nearly 500 representatives from the Vietnam Tourism Association, the Vietnam Society of Travel Agents, the culture and tourism sector, and involved agencies joined the National Travel Agents Forum 2021 held on January 12. … [Read more...] about Hanoi’s tourism lost $3.6 billion in 2020 amid Covid-19 crisis

In the coming time, General Vinh urged the association to continue coordinating with the MND to promote information dissemination inside and outside the military to raise public awareness of AO victims, mobilize international and domestic organizations and individuals to support AO/dioxin victims, and implement the Vietnam-US project to support people with disabilities in eight provinces. … [Read more...] about VAVA asked to further support Agent Orange/dioxin victims

Deputy Chief of the Office of the Party Central Committee Nguyen Dac Vinh affirmed that the 13th Congress is a political event with future orientation significance, thus helping boost the country’s renewal, integration and development cause comprehensively and synchronously. The preparation work has received special attention from the Party Central Committee and its Politburo and Secretariat. At present, all are basically complete. The content and working agenda of the 13th Congress will focus on reviewing the implementation of the 12th Congress’s Resolution in association with the assessment of the 35-year renewal, 30 years implementing the 1991 Platform, 10 years implementing the 2011 Platform (amended) and the 2011-2020 socio-economic development strategy, while setting out the socio-economic development orientations and tasks for 2021 - 2025, as well as the goals and orientations for 2030 and the national development vision to 2045. This Congress will also review the … [Read more...] about 1,587 delegates to attend 13th National Party Congress

Hanoi (VNA) - The Party Central Committee’s Commission for Information and Education opened a press centre serving the upcoming 13th National Party Congress at a ceremony in Hanoi on January 22. The centre is within the National Convention Centre.  Le Manh Hung, Vice Chairman of the commission and director of the press centre, said it offers the best conditions possible for the work of nearly 500 reporters and technicians from 191 domestic news agencies as well as more than 160 reporters from 110 foreign media outlets, of whom close to 100 will cover the event online. The centre arranges venues and provides technical assistance for participating press agencies, including key agencies such as Vietnam Television, Voice of Vietnam, the Vietnam News Agency, the Nhan dan (People) Newspaper, and the Communist Party of Vietnam Online Newspaper. Meanwhile, the standing board of the centre together with a health sub-committee serving the congress have conducted COVID-19 tests for … [Read more...] about 13th National Party Congress press centre opens