Tag: credit growth
IMF optimistic about Vietnam's economic growth
The first half of this year saw a swift economic rebound as Vietnam’s pandemic restrictions eased following the adoption of a living-with-COVID strategy and a robust vaccination drive, according to an article published on the website of the International Monetary Fund (IMF), imf.org.
Banks to have credit expansion at end-Q3 2022
Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to Saigon Securities Incorporation.
Government seeks to resolve businesses’ capital shortage
A Ho Chi Minh City programme to link banks and businesses has seen around VND93 trillion (US$3.97 billion) disbursed so far this year to help revive the economy which was battered for two years by the COVID-19 pandemic.
Vietnam's credit growth expands by over 17%
Vietnam’s credit growth as of June 9 expanded by 17.09% against the same period last year, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on June 15.
Banks await higher credit growth quota
Commercial banks are expecting to have higher credit growth limits in Q2 2022 as they have already used up most of their assigned quota this year.
Banks plan to increase charter capital to US$2.8 billion in 2022
The capitalisation of Vietnam’s banking sector is expected to increase by nearly US$2.8 billion this year.
Commercial banks tighten real estate lending
Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Vietnam (SBV)'s policy on controlling credit growth in risky areas.
Credit growth in Q1 2022 hits high level
Credit growth of credit institutions was quite positive at 5.04% at the end of the first quarter of this year, much higher than the 2.16% rise in the same period last year, the State Bank of Vietnam (SBV)’s Deputy Governor Dao Minh Tu said at the Government’s regular press conference.
Vietnam speeds up disbursement of economic recovery package
Vietnam will soon disburse at least 50% of the VND350 trillion (US$15.42 billion) economic recovery package, the largest in its history, aiming to reboot the country’s economy after a long period of social and mobility restrictions due to the COVID-19 pandemic.
Capital demand remains high after Lunar New Year holiday
The State Bank of Vietnam (SBV) has to continually inject money to support the liquidity of the banking system as the capital demand and interest rates on the interbank market have remained high though the Tet (Lunar New Year) holiday ended.
