Tag: "lending"

Thriving online lending carries potential risks

Thriving online lending carries potential risks

Along with the development of digital technology, online lending is getting more popular by inducing numerous benefits for both borrowers and lenders. However, it also contains some possible risks that all should be wary of.

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.

Law to allow bank bankruptcies

Law to allow bank bankruptcies

The State Bank of Vietnam (SBV) is drafting a law on supporting credit institutions to restructure and resolve bad debt in an effort to quicken the process.

Cautious banks to focus on lending quality

Cautious banks to focus on lending quality

Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.

Credit grows 1% in January: NFSC

Credit grows 1% in January: NFSC

The National Financial Supervisory Commission (NFSC) has reported that credit in the first month of the year saw a growth rate of 1%, the highest month-on-month increase over the past five years.

New lending regulations worry small firms

New lending regulations worry small firms

Small-sized enterprises are concerned that they would have to borrow from credit institutions at higher rates when new lending regulations take effect next month.

VIB deposit certificates a superior investment tool

VIB deposit certificates a superior investment tool

The Vietnam International Bank (VIB) on February 20 officially issued certificates of deposit (CD) worth VND18 million and VND24 million for personal and corporate customers to meet their investment demands for deposit.

New lending rules come into effect from March

New lending rules come into effect from March

A new circular on lending activities of credit institutions and foreign bank branches is expected to overhaul the regulatory framework applicable to the activities in Vietnam.

Interest rate under pressure to stay steady

Interest rate under pressure to stay steady

The State Bank of Vietnam has targeted keeping interest rate stable in 2017, however, the market’s developments in the first half of January 2017 show that lending rates are suffering from many pressures.

High hopes for Vietnamese economy

High hopes for Vietnamese economy

With stable economic growth and efforts of the government, Vietnam is expected to meet its growth target this year, according to economists and businesses.

Rosy 2017 VN economic outlook: experts

Rosy 2017 VN economic outlook: experts

Vietnam will achieve its 2017 goal of 6.7% growth in gross domestic product (GDP), higher than 6.21% in 2016, due to the efficiency of its reforms, say experts.

Individual savings at banks surge over 17%

Individual savings at banks surge over 17%

Savings at banks remained attractive to locals, with deposits of individuals in the first nine months of this year seeing a sharp surge of more than VND500 trillion (US$22.02 billion).

Lending expands over 14% as of November 22

Lending expands over 14% as of November 22

Lending of the banking sector as of November 22 had expanded by around 14% against December last year, with dong loans rising 15.3% and foreign currency loans increasing 2.8%, State Bank of Vietnam Deputy Governor Dao Minh Tu reported.