Important Factors for Deciding Where to Save When deciding where to save, you should consider the following: Deposit requirements for the savings account. Is there a minimum deposit required to open the account? Is there a minimum balance required to keep the account open? Are small deposits accepted? Can variable sums be deposited? Can deposits be made frequently? What paperwork is required? Terms of use. […]
It’s nighttime and the streets are bustling in Vietnam’s cities and towns. Buoyed by years of strong growth, the country has a burgeoning middle class with purchasing power to sustain restaurants and cafes, full and open late into the night, busy retailers and a high penetration of mobile phones – more than one per person. The economy, however, continues to run on cash and a […]
Microfinance works to improve economic conditions for poor clients, help them increase their incomes and improve their lives, by providing financial services to them. In fact, the poor often have difficulty accessing formal financial services due to a number of barriers, especially without collateral, when accessing formal credit services. In addition, MFIs are aiming to provide long-term clients with the ability to access sustainable financial […]
On December 15, 2017, with the support of ADA and SECO, VMFWG, together with SBV and IFC co-organized the workshop on Technology-based Business Models in Support of Financial Inclusion in Vietnam. Participants attending the event include Secretary General of Vietnam Banks Association, former Deputy Governor of State Bank of Vietnam Nguyen Toan Thang, and 111 representatives from the Vietnam Government, Ministries, Central agencies and organizations, […]