Tag: credit
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.
Moody’s raises BIDV’s foreign-currency deposit rating
The Bank for Investment and Development of Viet Nam (BIDV)'s foreign-currency deposit rating has been raised from B1 to Ba3 by Moody’s.
Central bank extends credit growth limits
The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30%.
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).
