vietnams credit growth expands by over 17 percent

Vietnam's credit growth expands by over 17 percent

Vietnam’s credit growth as of June 9 expanded by 17.09 percent against the same period last year, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on June 15.
increased inspections to improve corporate bond market

Increased inspections to improve corporate bond market

The Vietnamese authorities are keeping a grip on credit institutions’ corporate bonds in the face of growing scrutiny, which might add to pressure for issuers to alter their funding strategies. Investors’ confidence and rights, however, are to be strengthened.
offshore loan rules sharpened with draft

Offshore loan rules sharpened with draft

While the State Bank of Vietnam’s forthcoming tight restriction on offshore loans which are not guaranteed by the government underscores local authorities’ commitment to maintain safe external debt and minimise risks, it could also leave cash-squeezed businesses high and dry.
banks told to rollout low interest businesses loans

Banks told to rollout low-interest businesses loans

Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.
sbv warns about increasing bad debts cross ownership and risks of bot projects

SBV warns about increasing bad debts, cross-ownership, and risks of BOT projects

The State Bank of Vietnam (SBV) earlier this week reported on the evaluation of the execution of Resolution No.42/2017/QH14 on piloting bad debt settlement of credit organisations at the 15th National Assembly session.
encouraging results with mobile money deployment

Encouraging results with Mobile Money deployment

Le Anh Dung, deputy director of the Payment Department under the State Bank of Vietnam (SBV), noted that after six months of pilot implementation, the Mobile Money service has grown positively despite its belated introduction.
positive scenarios for working capital development

Positive scenarios for working capital development

Security over receivables is mainly regulated by the Civil Code 2015 and Decree No.21/2021/ND-CP, as well the Law on Credit Institutions 2010, and its detailing and guiding Circular No. 02/2017/TT-NHNN promulgated by the State Bank of Vietnam (SBV).
41 banks buy corporate bonds worth 119 billion

41 banks buy corporate bonds worth $11.9 billion

At a conference on developing a safe, transparent, and efficient capital market on April 22, Nguyen Thi Hong, Governor of the State Bank of Vietnam, said that credit institutions are both direct investors in and major issuers of the corporate bond market.
bank deposits surge in wake of interest rate hike

Bank deposits surge in wake of interest rate hike

Hanoi - Thanks to increases in savings interest rates, deposits at banks increased strongly in the first two months of this year after declining last year.
tight control over real estate credit to mitigate risks

Tight control over real estate credit to mitigate risks

The State Bank of Vietnam (SBV)’s decision to tighten control over real estate credit has helped to restrict speculation while making the market transparent and preventing a real state bubble, economic experts have said.
commercial banks tighten real estate lending

Commercial banks tighten real estate lending

Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Vietnam (SBV)'s policy on controlling credit growth in risky areas.
central bank to regulate fintech banking

Central bank to regulate fintech banking

The State Bank of Vietnam (SBV) has been developing a sandbox for fintech banking and gathering feedback on a draft regulating the sector.
govt approves extension on bad debt settlement scheme

Gov’t approves extension on bad debt settlement scheme

The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the pilot bad debt settlement of credit institutions based on Resolution 42/2017/QH14.
direction steady for low interest rates

Direction steady for low interest rates

The local central bank is anticipated to maintain its accommodative stance while keeping a close eye on inflationary concerns and, as a result, economists expect that a likely larger interest rate rise would further boost credit growth.
state owned banks set to increase charter capital

State-owned banks set to increase charter capital

The State Bank of Vietnam (SBV) has announced Decision No.422/QD-NHNN dated March 18 outlining its action plan for the next two years.