Tag: "credit"

Lawmakers question Prime Minister, Chief Justice

Lawmakers question Prime Minister, Chief Justice

National Assembly (NA) deputies raised a number of questions for the Chief Justice of the People’s Supreme Court and the Prime Minister at the Q&A session of the ongoing fourth sitting of the 14th National Assembly in Hanoi on November 18.

New regulations on use of credit cards

New regulations on use of credit cards

Credit cardholders will not be allowed to withdraw cash worth more than VND5 million for domestic transactions and no more than VND30 million for foreign currency.

Vietjet, HDBank launch joint promotion

Vietjet, HDBank launch joint promotion

Vietjet and Ho Chi City Development Joint Stock Commercial Bank (HDBank) have launched a promotional programme for new customers and existing Vietjet – HDBank international co-branded credit card holders.

Lending grows 12.16% in nine months

Lending grows 12.16% in nine months

Credit growth of the entire banking system in the last 10 days of September rose 1.14%, pushing the total increase in the first nine months of this year to 12.16%, the latest report from the State Bank of Vietnam (SBV) showed.

Preferential loans help reduce poverty

Preferential loans help reduce poverty

The Vietnam Bank for Social Policies (VBSP) reported that the bank has provided loans to over 31.8 million poor households and policy beneficiaries since 2002.

Consumer finance lures foreign firms

Consumer finance lures foreign firms

Consumer finance is proving to be an attractive sector with the number of foreign companies rising through mergers and acquisitions, the news site cafef.vn reported.

HCM City credit growth reaches 13.5 percent in 9 months

HCM City credit growth reaches 13.5 percent in 9 months

Outstanding loans of commercial banks in HCM City in the first nine months of 2017 rose 13.5 percent against December last year to more than US$73.57 billion, the city People’s Committee report stated.

Reforms needed to help SMEs get credit: experts

Reforms needed to help SMEs get credit: experts

As the importance of small- and medium-sized enterprises (SMEs) to the Vietnamese economy grows, experts are calling on the Government to reform the system of credit guarantee funds that are designed to increase SMEs’ access to long-term financing.

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.