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
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 congress is a major event where many important contents will be discussed, where the entire Party, the entire people and the entire political system, will review and evaluate what has been implemented in the last five-year term. From this theoretical and practical basis, the congress will focus on analysing, taking into account international and domestic relations, accumulated experiences, cultural values and national solidarity to propose solutions, orientations, and select qualified and qualified cadres to implement the Party's platform and issue resolutions of the congress. … [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
