BIDV, Lao foreign trade bank beef up cooperation
14:59 | 22/09/2017 Finance - Banking
The Bank for Investment and Development of Vietnam (BIDV) and the Banque Pour Le Commerce Exterieur Lao Public (BCEL) will continue to promote their comprehensive cooperation during 2017-2020 as stipulated in an agreement inked between the two banks in Hanoi on September 20.
PM urges lower interest rates, stable taxes
14:36 | 18/09/2017 Finance - Banking
The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.
New measures in force to accelerate handling of bad debts
15:50 | 15/09/2017 Finance - Banking
(VEN) - The banking sector is coordinating with ministries and other sectors to accelerate the settlement of bad debts as set out by the National Assembly (NA) in Resolution 42/2017/NQ-QH14 that went into effect on August 15. The resolution allows credit institutions and the Vietnam Asset Management Company (VAMC) to trade in bad debts openly at market prices.