international institutions ease sme credit crunch

International institutions ease SME credit crunch

13:47 | 22/05/2019 Finance - Banking

(VEN) - Small and medium enterprises (SMEs) account for 98 percent of all businesses in Vietnam, and about 60 percent of them are facing capital shortages because they cannot obtain loans from banks and investment funds. Helping them access funding is important in order to allow them to bring their potential into play.
central bank to grant more autonomy to commercial banks

Central bank to grant more autonomy to commercial banks

16:35 | 21/05/2019 Finance - Banking

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV Deputy Governor Dao Minh Tu said on May 16.  
mof reviews law on public asset management and use MoF reviews law on public asset management and use

14:57 | 20/05/2019 Finance - Banking

The Ministry of Finance (MoF) held a conference in Hanoi on May 16 to examine the one-year implementation of the Law on Management and Use of Public Assets.
pm nguyen xuan phuc receives jbic governor PM Nguyen Xuan Phuc receives JBIC Governor

14:50 | 17/05/2019 Finance - Banking

Vietnam wants to receive support from the Japan Bank for International Cooperation (JBIC) in the developing power projects, Prime Minister Nguyen Xuan Phuc has said.
vietnam to auction unused coin currency as scrap Vietnam to auction unused coin currency as scrap

15:52 | 16/05/2019 Finance - Banking

Vietnam will auction over 600 tons of coins, whose minting has been stopped for years now because of their lack of popularity.
state bank vows to flexibly direct monetary policy State Bank vows to flexibly direct monetary policy

15:43 | 15/05/2019 Finance - Banking

Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has affirmed that the SBV will direct monetary policy in a proactive, flexible, and cautious manner, and in harmony with fiscal and other macro-economic policies to curb inflation, maintain macro-economic stability, and fuel economic growth.
vietnamese consumers discover the ease of contactless payments Vietnamese consumers discover the ease of contactless payments

14:06 | 14/05/2019 Finance - Banking

(VEN) - Contactless payment is becoming increasingly popular in Vietnam, in addition to contact payments and QR codes, attracting consumers with its convenience and high safety.
meeting seeks to boost financial solutions for businesses Meeting seeks to boost financial solutions for businesses

14:42 | 13/05/2019 Finance - Banking

A meeting held in Hanoi on May 10 discussed financial solutions for businesses amid the current context in which roughly 20 percent of firms in need of funding still have problems gaining access to credit.
forum discusses how to enhance management of digital economy taxation Forum discusses how to enhance management of digital economy taxation

16:10 | 12/05/2019 Finance - Banking

Experts gathered at a forum in Hanoi on May 8, discussing measures to enhance tax management as e-commerce is enjoying strong growth amid the Fourth Industrial Revolution.
customs sector collects 120 trillion vnd for state budget Customs sector collects 120 trillion VND for state budget

09:47 | 10/05/2019 Finance - Banking

The customs sector’s state budget collection exceeded 120 trillion VND (5.18 billion USD) by the end of April, up 25.44 percent from the same period last year.
citi awards top 10 banks in vietnam for excellent international payment services Citi Awards Top 10 Banks in Vietnam for excellent international payment services

09:21 | 09/05/2019 Finance - Banking

To reinforce and recognize client banks that have been meticulous in their efforts in international payment services, Citi announced the winner list of the Citi Excellent Straight Through Processing Award 2018. These were awarded to 10 Vietnamese banks who had completed fund transfer transactions with a 90% or above correct ratio.
new steps to speed up replacement of magnetic strip atm cards New steps to speed up replacement of magnetic strip ATM cards

14:38 | 08/05/2019 Finance - Banking

The National Payment Corporation of Vietnam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards ahead of schedule.
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