Vietnam’s initiative on Pacific Rim disasters
08:16 | 12/03/2017 Finance - Banking
(VEN) - Vietnam, as the host of APEC 2017, proposed a disaster risk financing and insurance initiative as an element of regional financial cooperation. The proposal has won the support of the 21 member economies of the Asia-Pacific Economic Cooperation forum.
Standard Chartered and IFC to invest up to US$1.0 billion
08:35 | 09/03/2017 Finance - Banking
(VEN) - Standard Chartered has agreed with IFC (International Financial Corporation), a member of the World Bank Group, to continue their trade finance partnership under the Global Trade Liquidity Program (GTLP) with a total investment of an additional US$1.0 billion. Aimed at boosting global trade in emerging markets by increasing the amount of financing available, the third series of the GTLP comes at an essential time when many global banks are pulling back their support due to increasing compliance costs and higher capital requirements for trade under Basel III.
Government bolsters loans for needy households and traders
09:59 | 06/03/2017 Finance - Banking
(VEN) - Preferential credit in 2017 through the Vietnam Bank for Social Policies (VBSP) will be higher by around VND5.1 trillion compared to the previous year, while the credit package for social housing with about VND1 trillion will be implemented as soon as the government gives the green light.