Tag: "loans"

Law on Public Debt Management passed

Law on Public Debt Management passed

A draft Law on Public Debt Management was adopted on November 23 at the 14th National Assembly’s fourth session with 85.74 percent of “yes” votes.

Exporters worry as end of foreign loans nears

Exporters worry as end of foreign loans nears

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Vietnam (SBV) does not extend a circular regulating the loans.

Finance Minister: Loans should be concentrated on key projects

Finance Minister: Loans should be concentrated on key projects

Minister of Finance Dinh Tien Dung pointed out shortcomings in public debt management and put forth solutions to overcome in the coming time while answering questions raised by lawmakers at the fourth session of the 14th National Assembly in Hanoi on November 16.

Domestic commercial banks accelerate foreign talks

Domestic commercial banks accelerate foreign talks

Aiming to reach the target to complete the selection the strategic investors before listing shares on the stock exchange, domestic banks are accelerating negotiations with foreign investors as well as propose the authorities to increase the foreign ownership limit to lure in foreign investors.

VPBank posts US$246.8 million pre-tax profit

VPBank posts US$246.8 million pre-tax profit

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) posted a pre-tax profit of VND5.6 trillion (US$246.8 million) in the first nine months of the year, a 79% year-on-year increase and reaching the top three of country’s banks following Vietcombank and Vietinbank.

Exporters worry as end of foreign loans nears

Exporters worry as end of foreign loans nears

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Viet Nam (SBV) does not extend a circular regulating the loans.

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.

SME transparency a must for loans: experts

SME transparency a must for loans: experts

Small and medium-sized enterprises (SMEs) must improve their transparency to enable them to access banking credits, experts said at a conference on October 5.

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.

Vietnam says bad debts under control

Vietnam says bad debts under control

Nonperforming loans (NPLs) must be revolved at the earliest, especially in the banking and financial sector, in order to strengthen Vietnam’s economy, ensure efficiency and boost effectiveness in capital allocation, a World Bank Group (WBG) official told a seminar on September 26.

Thirty million people access soft loans in 15 years

Thirty million people access soft loans in 15 years

Over 30 million poor households and other welfare beneficiaries have accessed soft loans from the Vietnam Bank for Social Policies (VBSP) as of the end of August 2017, according to the VBSP.

VAMC needs more capital to settle bad debts

VAMC needs more capital to settle bad debts

The Vietnam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.