Central bank to remove lending cap
The State Bank of Vietnam (SBV) has issued a new regulation to remove the lending cap of 80 per cent imposed banks as of September 1.
Under previous regulations, credit institutions, except foreign banks, were not allowed to lend exceeding 80 per cent of their total deposits.
For non-banking credit institutions, the credit cap was 85 per cent.
The central bank said the new regulation would help solve the current surplus of the Vietnam dong in the local banking system.
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