The Business Times: Over 50% of Businesses Don’t Borrow from Banks

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• Over 50% of Businesses Don’t Borrow from Banks
• Home Credit releases stunning market share data
• Stock market stakeholders look to boost trading
• Vietnam GDP seen to rise below 5.7% this year: VCBS
• Vietnam mulls lifting foreign ownership limits
• Construction sector told to improve energy efficiency
• Banks entice local, foreign firms
• Good times ahead for Vietnam hotel industry
• Strategy to give Viet Nam competitive edge
• Rise in number of tourists visiting Quang Binh

Over 50% of Businesses Don’t Borrow from Banks Posted: 10 Jun 2014 05:05 PM PDT According to a report from the General Statistics Office, as of March, 2014, 49.5% enterprises borrowed for business and production purposes and the remaining 50.5% didn't borrow, local newswire Cong Ly reported. In the companies that borrowed, 63.6% borrowed from state-owned commercial banks; 29.6% borrowed from private commercial banks, friends, people relatives; 5.9% borrowed from […] The post Over 50% of Businesses Don't Borrow from Banks appeared first on Vietnam Business News.

Home Credit releases stunning market share data Posted: 10 Jun 2014 07:12 AM PDT Home Credit has now achieved 45 per cent market share of Vietnam's consumer finance sector. This information was released by Igor Prerovsky, CEO of Home Credit Vietnam, at a recent press meeting. In 2013, Home Credit exceeded its business targets impressively. It contributed more than VND180 billion ($8.57 million) to the state budget, increased its […] The post Home Credit releases stunning market share data appeared first on Vietnam Business News.

Stock market stakeholders look to boost trading Posted: 10 Jun 2014 07:12 AM PDT If listed companies improve corporate governance and risk management, foreign investors will be deeply interested, a State Securities Commission official has said…. Nguyen Son, head of the securities watchdog”s Market Development Department, was speaking to executives from stock brokerages, fund managers, and listed firms on measures to improve liquidity in the stock markets at a […] The post Stock market stakeholders look to boost trading appeared first on Vietnam Business News.

Vietnam GDP seen to rise below 5.7% this year: VCBS Posted: 10 Jun 2014 07:11 AM PDT Vietnam's Gross Domestic Product (GDP) is likely to rise below the earlier expectation of 5.7% this year, the local news provider Gafin.vn reported, citing forecast of the Vietcombank Securities (VCBS). The country's GPD is seen to slightly accelerate by 5.3% in the second quarter of this year, comparing with 4.96% of the first quarter. This […] The post Vietnam GDP seen to rise below 5.7% this year: VCBS appeared first on Vietnam Business News.

Vietnam mulls lifting foreign ownership limits Posted: 10 Jun 2014 07:04 AM PDT Securities companies are likely to get a jump start over other types of businesses in having their foreign ownership limits increased, according to the State Securities Commission. “Lifting foreign ownership in all eligible businesses is not likely to take place as quickly as we think. The regulation may be applied to securities companies first,” the […] The post Vietnam mulls lifting foreign ownership limits appeared first on Vietnam Business News.

Construction sector told to improve energy efficiency Posted: 10 Jun 2014 06:56 AM PDT The building sector should pay attention to promoting energy efficiency, from the design of buildings through the construction process, experts said at a seminar held in Ha Noi late last week. They also said it is advisable to use energy-saving and environmentally-friendly construction materials to reduce emissions of greenhouse gases. Head of the Department of […] The post Construction sector told to improve energy efficiency appeared first on Vietnam Business News.

Banks entice local, foreign firms Posted: 10 Jun 2014 06:55 AM PDT With bank lending rates falling sharply in recent months, companies should grab this opportunity to borrow to develop their business, analysts said. Since banks are awash in liquidity, they are offering loans at 9-10 per cent to companies and household businesses, with some even going lower. HDBank said it has earmarked VND500 billion (US$23.7 million) […] The post Banks entice local, foreign firms appeared first on Vietnam Business News.

Good times ahead for Vietnam hotel industry Posted: 10 Jun 2014 06:55 AM PDT Demand for hotel rooms in Viet Nam has grown at 7-8 per cent a year for the last three years, and occupancy rates in large cities are catching up with those in major cities across the region, a seminar heard in HCM City yesterday. A report by real estate consultancy CBRE tabled at “Hotel Investment […] The post Good times ahead for Vietnam hotel industry appeared first on Vietnam Business News.

Strategy to give Viet Nam competitive edge Posted: 10 Jun 2014 06:54 AM PDT All relevant ministries and agencies must actively participate in the government’s strategy to improve business climate and national competitive edge, experts suggested at a workshop in Ha Noi last week. The workshop was held because only a mere one-third of the localities across the country have come up with plans to realise the strategy, known […] The post Strategy to give Viet Nam competitive edge appeared first on Vietnam Business News.

Rise in number of tourists visiting Quang Binh Posted: 10 Jun 2014 06:53 AM PDT More than 1.5 million visitors arrived in central Quang Binh Province for its cavern system and burial site of General Giap in the first five months of the year. An increase of 300,000 tourists compared to the same period last year has facilitated the development of tourism and service sectors in the locality, according to […] The post Rise in number of tourists visiting Quang Binh appeared first on Vietnam Business News.

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