investors and buyers play waiting game in credit switch

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.
loosened credit may not be enough for real estate capital

Loosened credit may not be enough for real estate capital

While the State Bank of Vietnam (SBV) has expanded credit limits for several banks, the stricter control of credit in areas like real estate may impact project liquidity in the sector.
ratings upgrades auger well for long term progress

Ratings upgrades auger well for long-term progress

Moody’s Investors Service has upgraded the long-term local and foreign currency deposit and issuer ratings of eight Vietnamese banks, following its upgrade of the country’s sovereign rating earlier this month.
banks race to implement digital transformation ecosystem

Banks race to implement digital transformation ecosystem

The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement (UKEVFTA) takes effect, according to banking insiders.
insiders call for revision to draft on e transactions

Insiders call for revision to draft on e-transactions

Lawmakers are gathering comments on a draft amending the Law on E-Transactions, and insiders comment that the draft needs revisions to be more practical.
mcredit spreads wings leveraging group synergy with parent banks

Mcredit spreads wings leveraging group synergy with parent banks

Mcredit has swiftly managed to take advantage of its parent groups and their business ecosystems to develop and grow.
real estate market would be better if credit growth targets rise experts

Real estate market would be better if credit growth targets rise: experts

The State Bank of Vietnam's decision to raise credit growth targets for banks is expected to create favourable conditions for businesses to lend capital, including real estate firms, according to experts.
banks speed up disbursement of vnd40 trillion interest subsidy package

Banks speed up disbursement of VND40 trillion interest subsidy package

Through credit packages with preferential interest rates, and products and services customised to each customer group’s needs, banks focus on helping enterprises access capital to restore production and business.
land assets failing to shift despite cuts

Land assets failing to shift despite cuts

The lack of related legal conditions, unclear information, and inappropriate prices are some of the problems that are rendering real estate units offered by banks unattractive to buyers.
extensions ease credit access for businesses

Extensions ease credit access for businesses

A round of fresh credit extensions for commercial banks is expected to help businesses obtain easier access to capital as they continue their post-pandemic recovery.
sbv adjusts credit growth targets for banks

SBV adjusts credit growth targets for banks

The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.
moodys upgrades ratings of 12 vietnamese banks

Moody’s upgrades ratings of 12 Vietnamese banks

Moody's Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.
sbv adjusts credit growth targets for banks

SBV adjusts credit growth targets for banks

The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.
reference exchange rate down 18 vnd

Reference exchange rate down 18 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,263 VND/USD on September 9, down 18 VND from the previous day.
credit tweak opens door for economic rejuvenation

Credit tweak opens door for economic rejuvenation

Credit institutions with ample financial buffers, sound risk management, and participation in weak banks’ restructuring journey would gain an upper hand in terms of higher-than-average loan ceilings.