banks pushing preferential rates to boost year end credit growth

Banks pushing preferential rates to boost year-end credit growth

Banks are rolling out attractive credit packages to woo customers as capital demands are rocketing toward the holiday season.
hcmc bank credit growth scrutinised

HCMC bank credit growth scrutinised

Deputy director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh sheds some light on the city’s banking performance so far this year and what measures the authority has applied to help firms more easily access credit.
unsecured loans still stopped up despite sbv instruction

Unsecured loans still stopped up despite SBV instruction

Getting unsecured loans from banks has proven a headache for firms, despite the State Bank of Vietnam’s recent order that banks develop a corporate credit rating system to make it easier for them to access bank capital.
credit rating system needed to spur lending

Credit rating system needed to spur lending

State Bank of Vietnam Deputy Governor Nguyen Phuoc Thanh recently stressed the need for local credit institutions to develop a corporate credit rating system to boost credit growth, but banks need to do better at mitigating their risk to control bad debts.
vietnamese banks struggle to raise capital

Vietnamese banks struggle to raise capital

Vietnam’s small and big banks alike have been trying to raise their registered capital to increase their financial capacity and/or avoid being merged and acquired, but many have failed.
export credit shows signs of growth

Export credit shows signs of growth

Though banking sector credit grew slowly in the early months of this year, executives at many banks have said that production-business activities related to import and export have gradually rebounded.
shareholders unhappy with lower unpaid dividends

Shareholders unhappy with lower, unpaid dividends

Shareholders in many banks have not received their dividends in recent years though banks have set low rates, but not cut them completely.
banks set modest 2014 profit targets

Banks set modest 2014 profit targets

Most small and medium-sized banks have set modest profit targets in anticipation of continuing difficulties this year.
banks prepare to face change motivated shareholders

Banks prepare to face change-motivated shareholders

A tense agenda is expected at the annual general shareholder meeting of Ho Chi Minh City-based Sacombank scheduled to take place later this month, said a source familiar with the bank.
agriculture priority for credit growth

Agriculture priority for credit growth

The banking sector will increase agriculture sector and rural lending in 2014.
banks still bleak about boosting credit in 2014

Banks still bleak about boosting credit in 2014

Bank executives are mulling ways to achieve credit growth this year amid a continuing tough business climate.
banks scrambling to rectify bad debts

Banks scrambling to rectify bad debts

After offloading part of their bad debts to the state-owned Vietnam Asset Management Company, banks are scaling up efforts to keep bad debts at manageable levels.
foreign partners ditch local banks

Foreign partners ditch local banks

While most banks are scaling up efforts to attract foreign strategic partners to bolster their strength, the market has also seen several foreign entities break up with their local partners.
credit promotion proves hard

Credit promotion proves hard

Banks are finding it difficult to achieve credit growth targets this year despite strenuous efforts to meet their goals.
soaring remittances expected to excel in q4

Soaring remittances expected to excel in Q4

Remittances to Vietnam are continuing to gain momentum.