Tag: 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.
Da Nang’s economy hit hard by COVID-19
Da Nang’s gross regional domestic product (GRDP) has been estimated to be down 9.77% this year to about VND100 trillion compared to 2019 due to COVID-19, a press conference held on December 29 to announce the central city’s socio-economic figures for 2020 heard.
PM requests bankers to ensure capital for production, business
Credit loans must be always available for production and business enterprises, especially those operating in such areas as agriculture, export and high-tech, Prime Minister Nguyen Xuan Phuc said on December 26.
Credit growth forecast to hit 11% by year-end
The banking industry's credit is projected to have expanded 11% for the year by the end of December, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu revealed at a press conference on December 24.
