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Vietnam: Green finance promotes sustainable growth in country
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IFC helps boost green credit in Vietnam Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
14/07/2021 07:39 GMT+7
The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.
Illustrative image. (Photo: VNA)
IFC’s investment will help OCB improve its outreach to small and medium enterprises (SMEs) in Vietnam, which are facing a financing gap of 21 billion USD, equivalent to 11.2 percent of the country’s GDP. With this support, OCB expects to double its SME lending portfolio by 2024 by leveraging its digital banking platform and developing products that cater to the sector’s needs.
Before Phuc Long,
Hanoi (VNA) –
Phuc Long Coffee & Tea has announced it will launch its
first store in the US this month, two months after its Vietnamese peer, TNI
King Coffee opened its first coffee store in the American country.
Phuc
Long is renowned for its signature coffee and tea drinks with bold flavor. Its
US store will be located in Garden Grove, California, the brand said on its
Facebook page.
Set
up in the Central Highlands province of Lam Dong in 1968, Phuc Long expanded
into the retail beverage business in 2012 from its three traditional stores in
Ho Chi Minh City in the 1980s. Currently, the firm has 60 stores in HCM City
VIETNAM BUSINESS NEWS JULY 12 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
12/07/2021 09:36 GMT+7
Remittances to HCM City rise by 22.34% in first half of 2021
Remittances to HCM City topped US$3.2 billion in the first half of the year, a 22.34 per cent increase year-on-year.
Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City office, said the growth was impressive considering the difficulties posed by the COVID-19 pandemic.
The remittances went mainly into manufacturing and other businesses, and ensure there was no foreign currency supply volatility, he said.
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