Tag: credit
Credendo Insurance Group highlights Vietnamese economic success amid COVID-19
VOV.VN -Credendo Insurance Group’s offices in Germany and Austria have published a study aimed at evaluating the level of risk in Vietnam, with the report stressing that the country is continuing to enjoy a successful economic story after its sustained efforts to containing the COVID-19 pandemic.
Corporate bond market forecast to be robust this year
The corporate bond market in Vietnam is expected to be robust this year as the Government has issued regulations to untie the market but still aimed to ensure transparency and healthy market development.
Banks launch domestic credit chip cards
The National Payment Corporation of Vietnam (Napas) and seven domestic banks recently launched domestic credit chip cards with unified standards to promote cashless payments and tackle black credit.
Strict controls placed on overspending and public debt over next five years
VOV.VN - The budget revenue structure has shifted towards a more sustainable model to meet the development and integration of the national economy, following goals set to raise the proportion of domestic revenue to 82% for 2016- 2020 and 85.5% by 2020, and reduce the proportion of revenue from import-export activities and crude oil exports.
Banks to introduce domestic credit chip cards to promote cashless payments
The National Payment Corporation of Vietnam (Napas) last week said it will work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.
Robust economic pickup to drive stronger credit growth in 2021
Real estate sales will be another key driver of credit growth, as apartment supply and sales are likely to pick up in 2021.
Vietcombank provides US$65 mln in credit to PV Gas pipeline project
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has agreed to provide VND1.5 trillion (US$65.1 million) in credit for the PetroVietnam Gas Corporation (PV Gas) to finance the second phase of the adjusted Nam Con Son 2 Gas Pipeline Project.
Credit registry coverage higher than world’s average
Vietnam’s credit registry coverage increased to 59.6% in 2020 from 41.8% in 2015, said Do Hoang Phong, director of the Vietnam Credit Information Centre (CIC).
Central bank targets credit growth of 12% in 2021
The State Bank of Vietnam (SBV) targets a credit growth rate of 12% in 2021, equivalent to the growth of 12.13% last year, according to SBV Deputy Governor Dao Minh Tu.
Credit growth forecast to reach 13-14% this year: SSI
Credit growth in Vietnam may reach 13-14% this year, partly driven by progress with the COVID-19 vaccine, according to a 2021 banking outlook report released by the SSI Securities Corporation on January 6.
