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
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Credit grows slowly, but banks still make profits
At a meeting with commercial banks in late April, Governor of the State Bank of Vietnam (SBV) Le Minh Hung reported that as of March 31, credit provided to the national economy had increased by 1.3 percent compared with the beginning of the year, the lowest Q1 credit growth rate in the last six years. … [Read more...] about Credit grows slowly, but banks still make profits
Science and technology one of the country’s major policies: official
Human resource development is promoted, especially high-quality human resources, and more closely linked with market demand. National scientific and technological potential has been strengthened. Some fields of natural sciences have reached regional and international advanced level. Our country is capable of successfully designing and manufacturing a lot of technology and equipment to international standards. The system of key laboratories and specialised laboratories continues to be paid attention to. Research infrastructure in some key fields such as biotechnology, petrochemical, materials, automation, nautical, computing technology and medicine has been strengthened. … [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
Moreover, the Can Tho City branch of the Vietnam Bank for Social Policies has not received any applications so far, as enterprises fail to meet lending requirements. Borrowers are required to have 20% to 30% of staff participating in compulsory social insurance, but they cannot afford the insurance for a long time, said Huynh Van Thuan, director of the branch. SGT … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers