Credit growth of credit institutions was quite positive at 5.04% at the end of the first quarter of this year, much higher than the 2.16% rise in the same period last year, the State Bank of Vietnam (SBV)’s Deputy Governor Dao Minh Tu said at the Government’s regular press conference.

VOV.VN - National Assembly Chairman Vuong Dinh Hue received World Bank Regional Vice President for East Asia and Pacific Manuela V. Ferro in Hanoi on March 21.

Many banks have recently offered to sell mortgaged assets, mainly real estate, worth billions of VND, to recover debts amid the recovery of the realty market.

In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.

Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.

The State Bank of Vietnam (SBV) has proposed to issue a separate law on bad debt settlement.

The State Bank of Vietnam (SBV) on September 7 issued a circular directing foreign credit institutions and bank branches to reschedule debt payments, waive and reduce borrowing interest and fees, and maintain the groups in order to support customers affected by the COVID-19 pandemic.

The Vietnam Aviation Business Association (VABA) has sent a document to the Governor of the State Bank of Vietnam (SBV) requesting support for domestic airlines.

VOV.VN - Vietnam’s GDP is expected to expand by about 4.8% in 2021, or 2% lower than the projection made by the World Bank Group in December 2020, the WB says in its latest edition Taking Stock released on August 24.

VOV.VN - The 15th National Assembly is scheduled to convene its first session in Hanoi on July 20, and deputies are to elect the chairman of the legislative body for the 2021-2026 on the opening day.