Loans

Bank loans remain unattractive to businesses

Many local banks are still struggling to attract corporate borrowers because of high lending rates

Dutch firm to buy local seafood plant

Can Tho-based Binh An Seafood JSC (Bianfishco) plans to sell its fish processing plant to a finance investment corporation from the Netherlands to pay off debts to its fish providers in March, the company's CEO Tran Van Tri confirmed on March 13.

4 arrested for appropriating bank loans

The Ministry of Public Security police yesterday arrested a businessman and three accomplices who set up 16 fake companies to appropriate bank loans

Help urged for cashew industry

HANOI – The Ministry of Agriculture and Rural Development has sent a petition to the central bank governor proposing cash-strapped cashew processors and exporters be allowed to have their bank loans rescheduled.

WB pledges to assist VN in SOE restructuring

The World Bank will provide technical and financial assistance to help restructure State-owned groups and corporations in Vietnam under the project on restructuring State-owned Enterprises (SOE).

Credit growth disallowed at certain banks

HCMC – The central State Bank of Vietnam has categorized local credit institutions into four groups with the last group disallowed for credit growth this year.

Funds for realty industry stonewalled

HCMC – Local real estate trading firms this year have to keep struggling with capital shortage to survive the current dull situation as almost all the doors to capital for them have been slammed shut.

VN to reserve ODA to develop infrastructure

Under a Prime Minister’s decision, Vietnam will reserve Official Development Assistance (ODA) funds and concessional loans for the development of infrastructure in the 2011-2015 period

ODA prioritized for infrastructure in next five years

HCMC – Official development assistance (ODA) funds and concessional loans will be prioritized for the development of infrastructure facilities, according to a scheme on the use and management of such loans in the 2011-2015 period.

Bad debts hit record high

Bad debts at a number of credit institutions in HCMC in 2011 were high, even sharply rose compared to the previous year, said the central bank’s HCMC Branch

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From Politics

NA talks about changes to work law

Employees harvest whitened-leg shrimps in the Hung Bien Ocean Items Co Ltd within the central province of Quang Binh. The draft amended Work Code, that was talked about through the NA yesterday, is anticipated to make sure workers' proper privileges including salaries, overtime and maternity leave. — VNA/VNS Photo Huy Hung HN — The Nation's Set up talked about a variety of concerns associated with work issues throughout a session which was

PM greets mind of Lao inspectorate

HN — Pm Nguyen Tan Dung yesterday confirmed that Viet Nam always supported co-operation between its relevant agencies and also the Inspection Commission from the Lao Individuals Revolutionary Party Central Committee and also the Government Inspectorate of Laos. Dung made the statement while finding the commission mind, Inspector-General Bounthong Chitmany.Dung stated co-operation would concentrate on training human assets within the sector in addition to swapping encounters within the combat and protection