December 19, 2009
Nick Freeman, Senior Advisor to the Vietnam Challenge Fund, tells Thanh Nien Weekly about the role a new US$3 million co-financing grant instrument will play in poverty alleviation. Challenge funds originated in the UK. Even though the model has been applied to other countries, how can we be sure it will work in Vietnamâs particular [...]
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November 10, 2009
A new fund, with a budget of US$3 million, was launched in Hanoi on Tuesday to provide funding to new business projects that will directly benefit the poor. The Viet Nam Challenge Fund is supported by the Ministry of Planning and Investment, the UK Department for International Development (DFID) of the United Kingdom and the [...]
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April 2, 2009
VDB kicked off their program on providing credit guarantees to businesses in early February 2009. However, to date, very few businesses have completed formalities to get VDB’s guarantee. Nguyen Viet Cuong, Director of VDB’s Exchange No. 2 in HCM City, said that he has received a lot of applications for credit guarantee, but many of [...]
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February 19, 2009
LookAtVietnam – The State Bank of Viet Nam yesterday ordered commercial banks to submit business plans for their credit operations this year. By the end of last week, State-owned banks had lent VND32 trillion (US$1.34 billion) to business projects nationwide, according to the latest report from the central bank.The plans, due no later than March [...]
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