Tag: "credit"

Banks given higher credit limits

Banks given higher credit limits

The State Bank of Vietnam (SBV) has approved the extension of credit growth limits for many commercial banks to support the country’s economic growth.

Credit growth rate might pose risks

Credit growth rate might pose risks

A high credit growth target of 21 per cent could be achieved this year, but with it come risks on credit quality and the potential for unevenly distributed loans, privileging large private firms instead of smaller ones.

SBV demands strict compliance with credit rate regulations

SBV demands strict compliance with credit rate regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions and commercial banks in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.

SBV demands strict compliance with credit rate regulations

SBV demands strict compliance with credit rate regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.

Experts warn of high credit growth risks

Experts warn of high credit growth risks

As the Government is striving to obtain credit growth of 20% to 22% this year, many economic experts voiced their concerns over possible adverse impacts of high credit growth on businesses and the economy.

Eight-month credit growth rate touches 11.5%

Eight-month credit growth rate touches 11.5%

Credit growth rate in the first eight months of 2017 has been estimated at 11.5% compared to the end of 2016, the National Financial Supervisory Commission (NFSC) reported.

Capital for high-tech agriculture

Capital for high-tech agriculture

VOV-VN. High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge for agricultural enterprises to expand production. But there remain obstacles to accessing the credit package.

Domestic, int’l factors aid rate cut

Domestic, int’l factors aid rate cut

According to the National Financial Supervisory Commission, many supporting factors in both the domestic and international markets could help an interest rate cut until the year-end.

State-owned banks’ cash dividends not compulsory

State-owned banks’ cash dividends not compulsory

The Government’s recent decision on the restructuring of credit institutions ensures that State-owned banks listed on the market no longer have to worry about dividend payout in cash, experts said.

Consumer credit grows rapidly as retailers thrive

Consumer credit grows rapidly as retailers thrive

The appearance of big foreign retail chains like CircleK, Shop&Go, FamilyMart and Aeon and the strong rise of Vietnamese chains Vinamart, Co-op and The Gioi Di Dong have fostered the development of consumer credit in Vietnam, according to the State Bank of Vietnam.

Foreign firms push consumer lending

Foreign firms push consumer lending

Consumer lending in Vietnam has prospered in recent years thanks, in large part, to the lending expertise of foreign firms, which has helped to propel the sector closer to its full potential.

Civil judgment execution shows good performance

Civil judgment execution shows good performance

The execution of civil judgments recorded good results in the first half of this year, with 314,000 cases being handled, up 3 percent against the same period last year, heard a teleconference on July 10.

Credit balance of social policies bank rises

Credit balance of social policies bank rises

The Vietnam Bank for Social Policies (VBSP) said it had a total credit balance of nearly VND166.43 trillion (US$7.3 billion) as of June 30, 2017, up 5.8% compared with the end of last year.