Extensions ease credit access for businesses
September 13, 2022 | 10:04
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
September 12, 2022 | 08:00
The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.
Reference exchange rate down 18 VND
September 09, 2022 | 16:36
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.
Hanoi connects commercial banks with local businesses
August 16, 2022 | 12:32
More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference on August 15 to connect local firms of Hanoi with commercial banks and the Hanoi Development Investment Fund (HANIF).
Squeeze in allotted credit room for commercial banks
August 10, 2022 | 10:56
The rapid expansion of credit and lending activities in the first few months of this year have prompted commercial banks to run out of credit lines, which had been temporarily allotted by the State Bank of Vietnam at the start of the year.
Lenders reinforcing presence with bond issuance
May 19, 2022 | 17:04
Commercial banks, with participation from local and foreign-backed institutions, are engaging in bond issuance despite severe regulations placed on this and volatile market conditions.
Tight control over real estate credit to mitigate risks
April 19, 2022 | 12:11
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
April 14, 2022 | 10:07
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.
Experts warn about participation of real estate companies in banks
March 29, 2022 | 21:15
Experts have raised concerns about the involvement of real estate companies in commercial banks, warning it may pose risks to the financial system and the whole economy.
Banks ensure fuel firms have access to more credit
March 17, 2022 | 21:43
The State Bank of Vietnam (SBV) has issued Document No 1509, asking commercial banks to raise credit limits for a number of fuel firms, particularly those who import extra fuel at the request of the Ministry of Industry and Trade (MoIT).
Banks steady as profits keep rolling in
March 16, 2022 | 10:00
Commercial banks in Vietnam are expecting to reap excellent profits thanks to their broad range of financial services and elevating credit demand, particularly as the upheaval triggered by the pandemic has abated.
Sixteen banks cut over VND21.2 trillion for pandemic-hit customers
February 11, 2022 | 09:42
Sixteen commercial banks cut over VND21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 per cent, the State Bank of Vietnam (SBV) reported on Wednesday.
Banks reach for the stars with tie-ups
January 27, 2022 | 09:00
The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower. Meanwhile, a revision of the regulatory regime is expected to bring the domestic banking sector into line with international standards.
Crucial legislative developments in the bond market
January 13, 2022 | 12:48
The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.
Banks raise provisions in anticipation of bad debt
November 10, 2021 | 21:41
In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.
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