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.
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.
Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
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.
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.
Over the last five years, more than 2.1 million households have sustainably escaped from poverty thanks to social policy credit, which is said to be an important pillar of the national target programme for sustainable poverty reduction.
VOV.VN-After receiving information regarding 58 export containers stuck in Nepal, India, Minister of Industry and Trade Tran Tuan Anh signed a letter to the Minister of Industry, Commerce and Supplies of Nepal to request support for Vietnamese businesses.