Vietnam’s central bank is willing to increase the credit growth limits for banks from now until the end of the year to support economic growth.
As a result of an apt and sustainable workforce development strategy, early this month Chubb Life Vietnam was recognised as one of the Best Companies to Work for in Asia 2020 in a survey organised by HR Asia, the continent’s leading publication for human resources professionals.
Vietnam International Bank (VIB) aims to grow into a large-scale and top quality bank in the not distant future.
There is a long road to go for government agencies to fully comply with transparency requirement in the Law on State Budget, said an expert.
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.
Standard Chartered on Tuesday announced that Tecomen Joint Stock Company (Tecomen) has become the first company in Viet Nam to make a drawdown under the bank’s US$1 billion COVID-19 financing commitment. This is also the first such drawdown in ASEAN that the bank has announced.
Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impacts of the COVID-19 pandemic.
Nguyen Anh Duc, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 per cent to nearly 21 per cent now.