Tag: credit
Vietnam posts 7.26% credit growth so far this year
Outstanding loans in Vietnam exceeded VND8.79 quadrillion (US$378.74 billion) as of November 17, an increase of 7.26% from the end of 2019, according to the State Bank of Vietnam (SBV).
PCC's Inspection Commission asks for discipline against Politburo member
The Party Central Committee (PCC)'s Inspection Commission has proposed the Politburo to consider and apply a disciplinary measure against Politburo member Nguyen Van Binh, Secretary of the PCC and head of the PCC’s Economic Commission, for serious violations he committed when holding different positions some years ago.
Banks in HCM City to continue supporting businesses
Banks in Ho Chi Minh City are focusing on measures to mitigate the difficulties faced by businesses due to the COVID-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.
Banks urged to diversify loan products to prevent “black credit”
Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources, Deputy Governor of the State Bank of Vietnam Dao Minh Tu said.
HCM City unveils US$517 million aid package for SMEs
Ho Chi Minh City is set to roll out a second COVID-19 aid package worth VND12 trillion (US$517 million) exclusively for small and medium-sized enterprises (SMEs).
Banks target consumer loans for higher credit growth
Commercial banks are trying to boost individual consumer loans, especially to home and car buyers, since credit growth had slowed due to low capital demand from businesses.
Central bank to adjust monetary policies to weather pandemic
The State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.
Bad debts tend to rise despite slow credit expansion
Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
Vietnamese energy market has plenty of room for development
VOV.VN - With national demand for electricity growing by 10.6% in the 2016 to 2020 period, with further growth of 8.5% expected in the 2021 to 2025 period, the country is becoming an attractive market for both domestic and foreign energy investors.
PM demands continued restructuring of credit organisations
The steering committee for the restructuring of credit organisations held a meeting in Hanoi on July 27 under the chair of Prime Minister Nguyen Xuan Phuc.
