Earmarking capital for young enterprises
11:12 | 06/10/2014 Finance - Banking
(VEN) - Young enterprises play a key role in the economy with total annual revenues of more than US$25 billion, contributing to creating jobs for over 2.5 million workers. To support the growth and ensure sustainable development of young enterprises, State Bank of Vietnam Governor Nguyen Van Binh committed that capital would be no longer lacking for effective business ideas.
ADB accompanies Vietnamese economy
14:30 | 30/09/2014 Finance - Banking
(VEN) - During his recent working visit to Vietnam, Asian Development Bank (ADB) President Takehiko Nakao reaffirmed the bank’s support for Vietnam’s efforts to accelerate economic restructuring and improve the competitiveness.
The health of Vietnamese banks improves
10:22 | 29/09/2014 Finance - Banking
(VEN) - As a result of their restructuring efforts to improve the quality of credit and services, increase compulsory reserves and reduce bad debts, many domestic banks have maintained stable business growth and won the appreciation of foreign credit rating organizations.
Bac A Bank steadfast in commitment to people
11:11 | 26/09/2014 Finance - Banking
(VEN) - The North Asia Commercial Joint Stock Bank (Bac A Bank) celebrated its 20th anniversary on September 17, 2014. The bank has obtained outstanding achievements to become one of the biggest names in the Vietnamese banking sector.
Actively resolving bad debts
11:06 | 22/09/2014 Finance - Banking
(VEN) - Thanks to the project on restructuring credit organizations and handling bad debts, principles on the currency market have been restored and bad debts have also declined. However, the resolution of bad debts has still faced difficulties that the banking sector cannot resolve. These macro problems need the participation of ministries, departments, localities and the whole economy.