As of September 16, credit grew 10.47% against the end of 2021 and 17.19% against the same period last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.

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.

Capital account restrictions largely insulate interest rates in Vietnam from global monetary tightening and the country’s policy rate is expected to increase 50 basis points to 4.5% by end-2023, according to Fitch Ratings.

The Vietnam Bank for Agriculture and Rural Development (Agribank) hosted the Regional Policy Forum of the Asia-Pacific Rural and Agricultural Credit Association (APRACA) on July 20 in Hanoi.

A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Vietnam (SBV)’s latest survey on business trends of credit institutions showed.

VOV.VN - Vietnamese automaker VinFast signed framework agreements on July 13 with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. in an effort to raise at least US$4 billion to construct an electric vehicle factory in North Carolina in the United States.

Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to Saigon Securities Incorporation.

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.

The National Assembly (NA) has agreed to extend a pilot resolution on bad debt settlement until the end of 2023 instead of this year.