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Saturday, July 20, 2024

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WB to provide US$11 billion for Vietnam over five years

HCMC - The World Bank (WB) has proposed lending Vietnam over US$11 billion in the next five years to fund major projects, especially large-scale...

Banks sit on mountains of cash: SBV official

HCMC - The banking sector in Vietnam is currently sitting on mountains of cash as the demand for loans in the economy remains woefully...

Enterprises in financial distress

To secure enough capital for business operations, a wooden product exporter to the U.S. and the EU had to agree to secure a loan...

The credit growth puzzle

The fact that banks have refrained from lending does not result from their concerns over the credit growth cap since it has already been...

F88 secures US$60 million loan

HCMC - Personal financial service provider F88 has secured a loan worth US$60 million, or nearly VND1.5 trillion, from two international financial organizations. Of the...

75% of small firms fail to access formal loans

HCMC – A mere 25% of small and medium enterprises (SMEs) have gained access to formal credit, while many others are struggling with their...

Gov’t borrows VND54 trillion from Jan-Apr

HCMC – The Government’s debt totaled VND54 trillion in the first four months of the year. The Department of Debt Management and External Finance under...

No-interest loans proposed for tourism SMEs

HCMC – The HCMC Department of Tourism has proposed loans without interest for small and medium tourism enterprises (SEMs) in the city to help...

Concerns raised over VND100-trillion relief package

HCMC – The competent agencies are considering a relief package worth VND100 trillion, offering loans with an interest rate of 3%-4% for enterprises hit...

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