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Update news lenders
According to PricewaterhouseCoopers, fintech startups have attracted $40 billion worth of investment over the last four years. Asia Pacific alone received $15 billion worth of investment in fintechs in 2018.
VietNamNet Bridge – The positive 2016 earning reports of over 90 per cent of nearly 600 listed companies on the two national stock exchanges are providing a fresh impetus for the market.
VietNamNet Bridge – Financial expert Nguyen Tri Hieu spoke to Countryside Today newspaper on the need to launch a national finance education programme.
Santander and Deutsche Bank have failed a US "stress test" designed to assess whether lenders can withstand another financial crisis.
VietNamNet Bridge – Industry insiders are doubtful whether the Viet Nam Asset Management Company (VAMC) issuing special bonds will help reduce the overall bad debt ratio to below 3 per cent in 2015.
The State Bank of Viet Nam (SBV) recently issued Circular No. 43/2014/TT-NHNN (December 25, 2014) on lending in foreign currency by credit institutions and foreign bank branches to residents.
VietNamNet Bridge – With bank lending rates falling sharply in recent months, companies should grab this opportunity to borrow to develop their business, analysts said.
VietNamNet Bridge – The northern border province of Lang Son's Police have started investigations into the affairs of a woman who is believed to have run off with hundreds of billions of dong.
Vietnam, Hong Kong develop Gulf of Tonkin economic belt; Dung Quat refinery performs well in seven months; Coffee replanting slow over lack of detailed plan; Gold custody service available at 12 banks
The State Bank of Vietnam successfully eased the interest rates in 2012 in order to make it easier for businesses to access bank loans. However, there is always the other side of a coin.