Banking & Finance
PM issues Dispatch on increasing credit to year’s-end
Move must ensure sufficient credit capital for the economy and secure the system of credit institutions.
Banking & Finance
Remittances expected to soar by year’s-end
Vietnam is among the top 10 countries receiving remittances, exceeding $10 billion a year, with growth in 2023 to be significant.
Banking & Finance
Hai Phong cuts 30% of land rental fees for businesses at EZ
Northern port city has attracted 511 FDI projects to date to EZs and IPs.
Corporate bond market improving
Total value of corporate bond trading this year stands at over $13.7 billion.
Privately-placed corporate bonds of more than $359mln to reach maturity in November
Figure is lower than in previous months but four-fold higher than in June.
Banks in HCMC provide over $21mln in credit for businesses
Southern city’s banking-business connection initiative has helped more enterprises gain access to credit.
LPBank & Hung Thinh Corporation sign $205mln credit contract
Funds to go to Hung Thinh’s real estate projects and will be disbursed under specific targets.
SBV seeks more solutions for credit growth
Credit growth has improved since May but had not even reached half of the annual target as of October 24.
VCCI calls for 2% VAT cut to be extended to all products and services
Finance ministry plans limit reductions to certain commodities only.