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Credit growth goal set at 18% for 2017

Credit growth goal set at 18% for 2017

The State Bank of Vietnam (SBV) has set a credit growth target of 18% for this year and it pledged to continue measures to keep credit growth suitable to the country’s economic development.

Vietcombank to raise charter capital

Vietcombank to raise charter capital

The largest local commercial bank, Vietcombank (VCB), will increase its charter capital to over VND39.7 trillion (US$1.78 billion), said chairman Nghiem Xuan Thanh at the bank’s recent general shareholder’s meeting.

Vietnam unlikely to loosen lending

Vietnam unlikely to loosen lending

Despite low inflation this year, the Government should remain cautious when offering support to boost economic growth, said director of the State Bank of Vietnam's Credit Department, Nguyen Tien Dong.

Banking industry on an even keel

Banking industry on an even keel

The domestic monetary market has become rather stable after several CEOs of local banks and a financial tycoon were arrested due to alleged illegal activities.

Hanoi conference promotes banking services

Hanoi conference promotes banking services

Vietnamese and foreign bankers are gathering in Hanoi on May 23-24 to discuss technology transformation towards effective banking governance and high quality services for the banking sector.