Five commercial banks are offering loans worth VND30 trillion (US$1.4 billion) to home buyers and realty developers from June 1, in an effort to shore up the property market.
(VOV) -High inventory levels are attributed to low credit growth and an increase in banks’ bad debts.
The price-stabilized-product system should be developed nationwide and co-ordination among enterprises in creating a “goods reserve” should be improved, a conference was told on May 29.
(VOV) -The Government has granted a credit stimulus package, amounting to VND30 trillion (nearly US$1.5 billion), to shore up the real estate sector.
A Vietnamese delegation led by Dao Minh Tu, Deputy Governor of the State Bank of Vietnam, is attending the 46th Annual Meeting of the Board of Governors of the Asia Bank for Development (ADB), which is underway in New Delhi, India from May 2-5.
(VOV) - Currently, Vietnam’s interest rates on loans are still highest in the region despite strenuous efforts by the State Bank of Vietnam (SBV) to adjust them since mid-2012.
(VOV) - Commercial banks are bearing the brunt of the economic slowdown, putting them in a paradoxical situation: they have an oversupply of money, but cannot lend it to businesses.
(VOV) - Not a few commercial banks are willing to reduce interest rates on loans down to 9 or 10 percent, despite low credit growth posing a huge challenge to the national economy.
(VOV) - Vietnam is expected to achieve a GDP growth rate of 4.89 percent in the first quarter of this year, a bit higher than last year’s corresponding figure of 4.75 percent.
After a decline in the first month of the year, the total outstanding loans of commercial banks in February surged 0.71 percent against December last year, according to the State Bank of Vietnam.
Prime Minister Nguyen Tan Dung has allowed the State Bank of Vietnam (SBV) to trade gold bars in an effort to stabilise the local gold market and stock gold bullion for the State foreign exchange reserve.
(VOV) - State Bank of Vietnam (SBV) Governor Nguyen Van Binh has said exchange rates in 2013 will be adjusted in accordance with market practices.
(VOV) - The Prime Minister has asked the State Bank of Vietnam (SBV) to quickly establish a national asset management company (AMC) to deal with bad debt burdening credit organisations.
The Import-Export Commercial Joint Stock Bank (Eximbank) of Vietnam and the Sumitomo Mitsui Banking Corporations (SMBC) marked the 5th anniversary of their strategic alliance in HCM City on February 22.
(VOV) - The State Bank of Vietnam (SBV) released a statement on February 22 revealing it is ready and willing if intervention is necessary to stabilise the foreign exchange market.