Ministry warns about online lending apps The Ministry of Public Security has warned about the risk of black credit provided by online lending applications which could threaten social security.

Lights given to encourage ethnic minority students go to school

UNESCO in Việt Nam and Signify Foundation in Việt Nam have provided solar lighting systems and portable solar lamps to more than 5,000 students at 16 secondary schools in remote, disadvantaged areas in three provinces of Hà Giang, Ninh Thuận and Sóc Trăng.

Market growth contracts as profit taking weighs on blue chips

The VN-Index had risen a total of 2.23 per cent in the previous two trading days.

Stronger money policies might be considered to aid economic growth: SBV The central bank’s statistics showed loan payment deadlines were restructured for nearly 260,000 customers with outstanding loans worth nearly VNĐ18 trillion (US$775.8 million)

P2P firms waiting for a sandbox

Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.

Banks offer relief to 230,700 pandemic-hit borrowers in HCM City Banks in HCM City had slashed interest rates, extended debt repayment deadlines, and maintained debt classifications for businesses hurt by the COVID-19 on the total loans worth more than VNĐ384.6 trillion (US$16.53 billion) as of June 29.

Save a cup, save the environment

AYA Cup, an exchange cup system for takeaway, lends reusable cups made from cassava starch with a deposit of VNĐ50,000 (US$2.1) for each cup.

PM asks ministries to ensure SME support policies Prime Minister Nguyễn Xuân Phúc has asked relevant ministries, localities and organisations to increase the enforcement of the Law on Supporting Small and Medium – Sized Enterprises (SMEs) to create favourable conditions for them to overcome the difficult time and develop their business.

Zalo Bank not licensed by SBV and MoIT The State Bank of Vietnam (SBV) and the Ministry of Industry and Trade have affirmed that they have not licensed Zalo Bank to provide online built-in financial services.

Vietcombank to maintain lending standards Vietcombank did not set a specific earnings target for 2020.