Tag: "sbv"

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.

SBV to rate local credit institutions

SBV to rate local credit institutions

The State Bank of Vietnam (SBV) is planning to rank credit institutions; however, it said the ranking results will not be publicised due to the delicacy of the issue.

Vietnam’s financial leasing sees potential

Vietnam’s financial leasing sees potential

Financial leasing institutions are the lastest solution to resolve capital shortages of local businesses, especially small- and medium-sized enterprises (SMEs).

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.

Banks’capital adequacy in danger of plunging

Banks’capital adequacy in danger of plunging

The State Bank of Vietnam (SBV)'s statistics show that the average capital adequacy ratio (CAR) of the banking sector has been consistently falling since the beginning of this year.

Former deputy governor of State Bank prosecuted

Former deputy governor of State Bank prosecuted

Former Deputy Governor of the State Bank of Vietnam (SBV) Dang Thanh Binh has been prosecuted in relation to an economic crime worth US$666 million at the Vietnam Construction Joint Stock Commercial Bank (VNCB).

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.

Set targets might be unachievable without drastic efforts: PM

Set targets might be unachievable without drastic efforts: PM

If development tasks are not implemented in a drastic manner in September and the fourth quarter of 2017, they might not be achieved, Prime Minister Nguyen Xuan Phuc said at the Government’s August regular meeting on August 30.

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.

High-tech farming development sluggish

High-tech farming development sluggish

The development of high-tech agriculture in Vietnam remains sluggish due to unplanned and small-scale production, and is not commensurate with the country’s comparative advantages and efforts.

Banks ask for higher credit growth limit

Banks ask for higher credit growth limit

Many commercial banks have asked the State Bank of Vietnam (SBV) to expand the credit growth limit as they have almost used up the assigned quota for the whole year.

Increasing M&A for financial institutions

Increasing M&A for financial institutions

Mergers and acquisitions (M&A) for financial institutions are luring in numerous domestic and international investors due to the attractiveness of the rapidly developing, US$26.55-billion consumer finance market.