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IFC helps boost green credit in Vietnam

IFC helps boost green credit in Vietnam
Chia sẻ |
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14/07/2021

07:39
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The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.
Illustrative image. (Photo: VNA)
IFC’s investment will help OCB improve its outreach to small and medium enterprises (SMEs) in Vietnam, which are facing a financing gap of 21 billion USD, equivalent to 11.2 percent of the country’s GDP.
With this support, OCB expects to double its SME lending portfolio by 2024 by leveraging its digital banking platform and developing products that cater to the sector’s needs. ....

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VIETNAM BUSINESS NEWS JULY 12

VIETNAM BUSINESS NEWS JULY 12
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12/07/2021

09:36
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Remittances to HCM City rise by 22.34% in first half of 2021
Remittances to HCM City topped US$3.2 billion in the first half of the year, a 22.34 per cent increase year-on-year.
Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City office, said the growth was impressive considering the difficulties posed by the COVID-19 pandemic.
The remittances went mainly into manufacturing and other businesses, and ensure there was no foreign currency supply volatility, he said. ....

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Vietnamese bank secures IFC loan for SMEs and climate projects

Vietnamese bank secures IFC loan for SMEs and climate projects
theasset.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theasset.com Daily Mail and Mail on Sunday newspapers.

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National interest out, IMF in

National interest out, IMF in
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.

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Good news for SBI customers! Merchants can turn their smartphones into PoS machine through a simple mobile app

Highlights
digitization of merchant payments.
SBI plan to deploy low-cost acceptance infrastructure across India.
New Delhi: SBI Payments, the Subsidiary of State Bank of India (SBI), the country s largest bank is launching YONO Merchant App to expand the digitization of merchant payments in the country.
Aiming to enable millions of merchants through mobile led technology to accept digital payments, SBI plan to deploy low-cost acceptance infrastructure across India over the next two years targeting 20 million potential merchants across India in Retail and Enterprise segment.
The launch is in line with RBI’s recent announcement of creating a Payments Infrastructure Development Fund (PIDF) to encourage acquirers to deploy Point of Sale (PoS) infrastructure (both physical and digital) in lesser penetrated areas of the country. Merchants will now be able to turn their NFC enabled Android smartphones into payment acceptance devices through a simple mobile app, ....

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