Vietnam banks

As a result, some businesses may find it challenging to raise capital through bond issuance, forcing them to borrow money through banks. In addition, while the economy is on the road to recovery from the COVID-19 pandemic, interest rates are forecast to remain at the current low level and credit growth should increase – we estimate at around 12-14 per cent. … [Read more...] about Impressive 2020 for Vietnam’s corporate bond market

“The investment will be used to grow users based on the existing ecosystem, develop strategic technology solutions and people investment with the mission to bring convenience, security and happiness for Vietnamese people by providing platforms in financial services on mobile devices,” the Vietnam News Agency quoted Nguyen Thuan Chat, co-founder and CEO of Gpay, as saying. … [Read more...] about Vietnam’s e-wallet Gpay draws funding from S.Korean financial firm in Series A investment

After the State Bank of Vietnam cut policy interest rates in October 2020 in an effort to ease the cost of credit, credit growth picked up from 9.6% in October to 10.5% in November and 10.1% in December. Since this rate was higher than the nominal gross domestic product growth, the credit/GDP ratio had increased from some 136% in 2019 to over 143% in 2020. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB

During the first year of serving as a non-permanent member of the UNSC for the 2020-2021 tenure, Vietnam made a number of hallmarks such as pushing forward the UNSC’s adoption of the Presidential Declaration on the compliance with the UN Charter, organising the ASEAN-UN dialogue, and especially proposing and promoting the UN General Assembly’s Resolution on designating December 27 as International Day of Epidemic Preparedness for the first time. … [Read more...] about VIETNAM NEWS JANUARY 20

As e-commerce is a field which needs significant capital, Vietnamese businesses without a parent company with strong financial potential would not be able to develop and compete as they are only allowed to access capital from the narrow list of investors announced periodically by the Ministry of Industry and Trade, he said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20