The Business Times: Experts optimistic about credit market

---

• Experts optimistic about credit market
• Banks still concerned about lending to SMEs
• Home Credit Opens 4 Offices in Vietnam
• HCMC: Credit Grew 2.8% by Early July
• Marks & Spencer to open HCMC outlet this summer
• Trade surplus with Australia reaches US$924 million
• Hanoi’s CPI increases by 0.18% in July
• HCM City, Japan sign a metro contract
• French businesses keen on HCM City infrastructure investment
• Gov’t greenlights auto industry plan

Experts optimistic about credit market Posted: 22 Jul 2014 05:30 PM PDT Experts have shown optimism despite the slow credit growth over the past six months, which had raised concerns over the banking system’s ability to reach the year’s target of 12-14 percent growth. According to statistics from the State Bank of Vietnam, the credit growth rate in the first six months of this year was only […] The post Experts optimistic about credit market appeared first on Vietnam Business News.

Banks still concerned about lending to SMEs Posted: 22 Jul 2014 03:33 AM PDT Local credit institutions and foreign bank branches will remain cautious about lending to small and medium-sized enterprises (SMEs) in the third quarter of this year due to lingering risks, shows a recent survey conducted by the State Bank of Vietnam Over 70% of the banks surveyed said the level of risk at all groups is […] The post Banks still concerned about lending to SMEs appeared first on Vietnam Business News.

Home Credit Opens 4 Offices in Vietnam Posted: 22 Jul 2014 03:32 AM PDT Home Credit recently opened 4 representative offices simultaneously in Can Tho, Nghe An, Dong Nai and Hai Phong, local newswire Banking Times reported. Home Credit's representative said the expansion of the regional offices is in order to reach deeper into market research and trade promotion, helping it enhance personal loan inspection and monitoring and introduce […] The post Home Credit Opens 4 Offices in Vietnam appeared first on Vietnam Business News.

HCMC: Credit Grew 2.8% by Early July Posted: 22 Jul 2014 03:32 AM PDT According to Ho Chi Minh City (HCMC) Statistics Department, by early July 2014, credit in the area grew 2.2% from the end of 2013, local newswire Tri Thuc Tre reported. By early July, total outstanding loans in the city reached VND979.9 trillion, an increase of 2.2% from the previous month, much higher than the growth […] The post HCMC: Credit Grew 2.8% by Early July appeared first on Vietnam Business News.

Marks & Spencer to open HCMC outlet this summer Posted: 22 Jul 2014 03:31 AM PDT Marks & Spencer (M&S), the iconic British retailer, has unveiled its plan to open a new flagship store at the Vincom Center Dong Khoi in Ho Chi Minh City this summer. The new store, operated by M&S's long term franchise partner Central Group, one of the largest retail conglomerates in the region, is in line […] The post Marks & Spencer to open HCMC outlet this summer appeared first on Vietnam Business News.

Trade surplus with Australia reaches US$924 million Posted: 22 Jul 2014 03:29 AM PDT Two-way trade between Vietnam and Australia in the first six months of the year peaked at over US$2.86 billion, resulting in a trade surplus of US$924 million, according to Vietnam Customs statistics. Of the total, Vietnam's export earnings hit US$1.89 billion, up 24.3% year-on-year, and its imports fetched US$971.56 million, up 37.3%. Key Vietnamese exports […] The post Trade surplus with Australia reaches US$924 million appeared first on Vietnam Business News.

Hanoi’s CPI increases by 0.18% in July Posted: 22 Jul 2014 03:29 AM PDT The Consumer Price Index (CPI) in Hanoi for July accelerated 0.18% over the previous month and 6.39% over the same period last year, according to the Municipal Statistics Office. There were across the board increases in the prices of goods and services in all the baskets of goods for the month, with the exception of […] The post Hanoi's CPI increases by 0.18% in July appeared first on Vietnam Business News.

HCM City, Japan sign a metro contract Posted: 22 Jul 2014 03:22 AM PDT The Ho Chi Minh City Management Authority for Urban Railways and Japanese consortium contractor Shimizu-Meada on July 21 signed a contract (bidding package 1B) to build two metro stations in HCM City. The JPY23.7 billion contract is part of the metro route No. 1 project connecting Ben Thanh Market with Suoi Tien Theme Park. Two […] The post HCM City, Japan sign a metro contract appeared first on Vietnam Business News.

French businesses keen on HCM City infrastructure investment Posted: 22 Jul 2014 03:19 AM PDT A senior French official said she will encourage French businesses to invest in large infrastructure construction projects in HCM City, including metro routes, water drainage systems and Long Thanh airport. Fleur Pellerin, Secretary of State for Foreign Trade, Tourism Promotion and French overseas of the French government, made the commitment at a July 21 reception […] The post French businesses keen on HCM City infrastructure investment appeared first on Vietnam Business News.

Gov’t greenlights auto industry plan Posted: 22 Jul 2014 03:17 AM PDT The Government has approved a new development strategy for the auto industry to enable it to meet domestic demand and join world production. Vehicles defined in the strategy include trucks, cars with more than 10 seats, cars with up to nine seats, and specialised vans. Small and multifunctional vans for agricultural use and serving customers […] The post Gov’t greenlights auto industry plan appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610