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Which road will fintech take?

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.

VN firms upbeat on 2016 earnings reports

 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.

Blackmarket credit tricky to define

 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 fail US 'stress tests'

 Santander and Deutsche Bank have failed a US "stress test" designed to assess whether lenders can withstand another financial crisis.

VAMC special bonds may not decrease bad debt ratio in 2015

 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.

Circular regulates foreign currency lending

 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.

Banks entice local, foreign firms

 VietNamNet Bridge – With bank lending rates falling sharply in recent months, companies should grab this opportunity to borrow to develop their business, analysts said.

Woman cons lenders out of $5m in cash

 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.

BUSINESS IN BRIEF 4/8

 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

Interest rate reductions and the other side of the medal

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.