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Banks remain wary of low credit growth

By Hong Dung June 24, 2024 | 19:00

Overall weak credit demand in the market, with consumption growth still sluggish, is causing banks that do not meet their credit growth targets to have quotas proactively transferred by the State Bank of Vietnam (SBV) to banks with better capabilities.

SHB puts down welcome mat for foreign firms

By Thanh Van June 24, 2024 | 17:27

Saigon-Hanoi Commercial Joint-Stock Bank has rolled out a comprehensive financial solution package for overseas firms looking to invest in Vietnam.

Policy on rescheduling debt repayment period extended

By VNA June 24, 2024 | 15:02

The State Bank of Vietnam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.

Loan interest rates move slower than deposit rates

By Nhue Man June 24, 2024 | 10:56

Amid concerns that the strong push for higher deposit rates by banks will lead to an increase in interest rates, Tran Ngoc Bau, CEO of WiGroup Data and Financial Technology JSC, spoke with VIR’s Nhue Man about expectations for the market.

Major commercial banks to lead credit growth in second half of the year

By Hazy Tran June 22, 2024 | 14:22

Major commercial banks are readying their resources to lead overall credit growth during the peak season of production, business, investment, and consumption.

Key investment principles to accumulate wealth: VCBF experts

By Huyen Thuy June 20, 2024 | 18:09

Some basic principles are worth following when investing.

Norfund grants $30 million convertible loan to SeABank

By Luu Huong June 20, 2024 | 10:46

The Norwegian Investment Fund for Developing Countries (Norfund) on June 19 committed $30 million to Hanoi-headquartered SeABank (HSX: SSB) through a convertible loan, which can be converted into SeABank common shares within four years.

Fiin Ratings impressed by F88's turnaround

By Thanh Van June 20, 2024 | 10:44

The credit rating agency Fiin Ratings has upgraded F88's development outlook to "Stable" thanks to F88's impressive turnaround.

Gene Solutions secures HSBC loan

By Thanh Van June 19, 2024 | 20:15

Gene Solutions has secured a social loan from HSBC to expand its healthcare services in Vietnam and ASEAN.

Low lending rates may boost credit growth

By Hazy Tran June 19, 2024 | 20:09

A recent bump in deposit rates has not affected lending, which banks hope to keep low to facilitate credit.

Stockholm exchange fined $10 mn for insider trading lapses

By AFP June 19, 2024 | 15:43

Sweden's financial watchdog said Wednesday it had fined the Stockholm stock exchange close to $10 million for failing to detect and report suspected insider trading.