Bank offers soft loans to businesses to pay COVID-19-impacted workers

The Việt Nam Bank for Social Policies (VBSP) has allocated VNĐ31.6 billion (US$1.36 million) to 207 enterprises to pay the wages of 8,529 labourers who lost their jobs due to impact of the COVID-19 pandemic.

Flexible, cautious monetary policy management bears fruit Việt Nam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts. But the State Bank adopted one of the quickest and strongest monetary policy responses in the world.

Vietcombank looks to raise pre-tax profit by 12 per cent in 2021 The bank also aims to raise its total assets by 6 per cent and mobilised capital by 8 per cent while credit growth is expected to pick up 12 per cent.

SBV targets 12 per cent bank credit growth this year The State Bank of Việt Nam has set a banking credit growth target of 12 per cent for this year, marginally lower than the rate achieved last year.

HDBank consistently awarded for sustainable development HDBank was named among the top 20 companies in terms of sustainability in a ranking put out by the Ho Chi Minh Stock Exchange.

Fintech forecast to be robust this year, driven by the creation of regulatory sandbox The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Việt Nam.

Power firms seek foreign funding as loans become expensive, hard to get The quickest and most effective way to raise funding for power projects is to enter into an alliance with foreign investors, Nguyễn Anh Tuấn, general director of Phú Yên TTP Joint Stock Company, said.

Ten most outstanding international events in 2020 The Vietnam News Agency (VNA) has selected the Top 10 events that shaped the world in 2020.

Market trading to stabilise despite stiff margin lending policies Concerns have been raised about tightened margin lending policies by securities firms, but low interest rates and strong buying power from domestic investors may help offset those worries.

Online sales boom as Tết approaches With people afraid to visit public places like supermarkets because of Covid-19, e-commerce floors have become a convenient and safe shopping place for Tết items.