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VAMC bad debts exchange platform to soon receive approval 09:05 | 02/02/2021 The Vietnam Asset Management Company (VAMC) bad debts exchange platform will be approved by the central bank at the beginning of 2021. Doan Van Thang, general director of VAMC said that in 2020, the firm bought a total of 281 bad debts by special bonds, with a total value of around VND15.218 trillion ($661.65 million), nearly completing the initial target assigned by the State Bank of Vietnam (SBV). VAMC will soon put its bad debts exchange platform in operation VAMC also handled and cooperated with credit institutions to handle the collection of non-performing loans (NPLs) with VND47.515 trillion ($2 billion) of principal balance (temporarily calculated), reaching 95.03 per cent of its plan for 2020. ....
Tuesday, 10:48, 12/01/2021 Vietnam has prepared the best conditions to spur its economic growth as the global economy is grappling with the severe impacts of the COVID-19 pandemic, experts have said. Tran Hong Quang, Director of the Vietnam Institute for Development Strategies, speaks at the forum (Photo: vneconomy.vn) At the Vietnam Economic Scenario Forum in Ho Chi Minh City on January 11, the experts said Vietnam has mapped out a socio-economic development strategy for 2021-2025. Vietnam aims to become a developing country with a modernity-oriented industry by 2025 and a developing nation with a modern industry and high middle income five years later. ....
Tuesday, October 31, 2017 10:07 Ho Chi Minh City’s credit growth amounted to some 2.4 quadrillion VND (104 billion USD) as of the end of 2020, making up nearly 27 percent of the country’s total. (Photo: VNA) HCM City (VNA) - Ho Chi Minh City’s credit growth amounted to some 2.4 quadrillion VND (104 billion USD) as of the end of 2020, making up nearly 27 percent of the country’s total. The figure represented a year-on-year increase of just 9 percent, lower than the national average of 12.13 percent. The city posted growth of 1.39 percent in gross regional domestic product ( GRDP) from 2019, equal to half of Vietnam’s GDP ....
Flexible, cautious monetary policy management bears fruit Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 10/01/2021
12:34 GMT+7 Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts. The State Bank of Vietnam But the State Bank of Vietnam (SBV) managed a monetary policy flexibly and cautiously, in combination with other fiscal and macro-economic policies, to curb inflation, stabilise the macro economy as well as monetary and foreign exchange markets, and support economic recovery. The SBV adopted one of the quickest and strongest monetary policy responses in the world. ....