Tag: credit
Credit institutions allowed to reschedule repayment terms
Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.
PM works with ministries, agencies on finance-banking activities
Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.
Central bank works on debt repayment term restructuring circular
The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.
Real estate market needs credit solutions: experts
In an effort to address the ongoing challenges faced by the domestic real estate market, an approach encompassing legal, administrative, and financial solutions is urgently required, particularly in the realm of credit.
HCM City to spend US$433 million on poverty reduction
Authorities of Ho Chi Minh City plan to spend more than VND10.2 trillion (US$433 million) on a sustainable poverty reduction programme this year.
Steel market likely to recover during year-end
VOV.VN - With the Government’s efforts to accelerate the disbursement of public investment, credit packages for social housing projects, and positive signs for the Vietnamese economy, the steel market is likely to rebound ahead in the third and fourth quarters of the year, according to industry insiders.
PM okays plan to build 1 million apartments for low income earners
VOV.VN - The Prime Minister has approved a plan to build more than a million apartments for low income earners in urban areas and workers in industrial parks nationwide for 2021-2030.
ADB doubles credit limit for SeABank to US$60 million
The Southeast Asia Commercial Joint Stock Bank (SeABank) said on April 3 that the Asian Development Bank (ADB) has doubled the trade finance limit to US$60 million, and increased the US$5 million limit of the revolving loan for the bank to US$10 million.
Government asked to issue revised decree on foreign ownership cap at Vietnamese banks
VOV.VN - The State Bank of Vietnam (SBV) has requested that the Government issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
Foreign ownership at some local banks may rise to 49%
The State Bank of Vietnam (SBV) has proposed increasing the foreign ownership cap at some commercial banks from 30% to 49%.
