Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.
The ODA loans Japan provides include $346.7 million for the socio-economic recovery and development of Viet Nam post-covid-19 pandemic, $43.3 million for the public transport infrastructure improvement in Binh Duong province, and $32.8 million for upgrading infrastructure for agricultural development in Lam Dong province (phase 1).
In the first quarter, Techcombank’s lending growth has risen stoutly as the lender started to disburse home loans to buyers of the Vinhomes Sapphire project.
The bank is focusing on technology transfer projects and encouraging Japanese small and medium-sized enterprises to set footholds and expand in Vietnam.
Taiwan based Mega International Commercial Bank has offered several short-term loans worth dozens of millions of US dollars to Phu My Hung to deploy projects in Vietnam since 2013.
Start-ups will be provided with loans from the small and medium enterprise development fund with interest rates not exceeding 80 per cent of the lowest levels at commercial banks in which the State owns over 50 per cent of capital.
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has just reported to gain an extremely high pre-tax profit of nearly $224 million in the first half of 2018, almost double those of the same period last year.
IFC’s long-term funding commitment is expected to enable TPBank to double its micro, small and medium enterprises portfolio over the next five years, providing more than $1.8 billion in about 46,000 loans by 2022.
Investors and homebuyers are enduring several adversities with increase in interest rate of loans due to the fact that banks become more cautious in real estate lending.
In preparation for listing on Ho Chi Minh City Stock Exchange scheduled in the first quarter of next year, Maritime Bank has recently announced a release of shares transfer restrictions to facilitate the bank’s shareholders’ transactions.
Being a billionaire by owning billions of dollar of assets, many Vietnamese businesses use these assets to secure their loans or related companies at banks.
Due to the recent rapid growth of the stock market, the State Securities Commission of Vietnam (SSC) has taken steps to control the flow of loans into the stock market.
According to HDBank’s listing prospectus, its total outstanding loans reached VND101,410 billion (roughly US$4.5 billion) and pre-tax profit was VND2,260 billion (roughly US$99.71 million) in the first 11 months of 2017.
The Asian Development Bank (ADB) has approved a US$150-million loan to help improve economic connectivity and raise living standards in four of northeastern provinces and a US$149-million loan to improve basic infrastructure services and promote inclusive and sustainable economic growth in four north-central coastal provinces of Viet Nam.
