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Furthermore, the risk from sour loans are substantial. Although lenders are much stronger now since they have built up capital under acute regulatory scrutiny such as Basel II, many are still wondering if the buffers will be big enough. Specifically, some lenders, such as Agribank, Kien Long Bank, and Viet Capital Bank, are still nowhere to be found in the Basel II race. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation

In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Regarding the increase in interest rates, Tai Hui says it is the beginning of a new trend to raise the interest rate. “Currently we predict that the basic interest rate will surge to 10 percent by the fourth quarter of 2010, higher than our previous prediction of 9 percent. This may lead to an increase in the lending interest rate to around 15 percent,” he adds. … [Read more...] about Increase basic interest rate – a good therapy for national economy

People are now talking about ‘urban mining’, which means finding precious metals in urban areas instead of metal mines in remote areas. More and more countries are paying attention to exploiting metals from local electronic waste "mountains" . Every year, 50 million electronic devices turn into waste. … [Read more...] about Finding gold in computer, smartphone waste