Regarding the credit structure, Nguyen Quoc Hung, director of the SBV’s Credit Department, said credit for agricultural production expanded 0.3% compared to end-2019; followed by that for exports (4.94% versus 10% in the first six-month period of 2019); technology sector(2.92%); supporting industries (2.27%); and small and medium enterprises (-0.7%). … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Voip business solutions
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
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
Employers qualifying for the program must pay 50% of the basic wage in advance and they can take out loans at just 50% (less than VND2 million) for each staff member. For instance, a company with 100 workers can borrow only VND200 million. Therefore, many firms have shifted to other credit sources, An explained. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers
