Credit still increases more than 10 per cent: SBV

Credit still increases more than 10 per cent: SBV

Deputy Governor of the State Bank of Viet Nam (SBV) Dao Minh Tu has said despite the COVID-19 pandemic, the bank has operated local monetary policy effectively and flexibly this year.
Banks post rosy consumer lending performance by year-end despite COVID-19 threat

Banks post rosy consumer lending performance by year-end despite COVID-19 threat

Along with loosened credit growth, a raft of banks have rolled out lucrative lending programmes to fuel consumption demand for the end of the year.
Increasing economic capacity for healthier credit

Increasing economic capacity for healthier credit

Vietnam’s capital market stands at an oversupply even as deposit interest rates remains very low, with output interest rates decreasing sharply compared to previous years. Dr. Nguyen Dai Lai, former deputy  director of the State Bank of Vietnam’s Banking Development Strategy Department, analyses the current capital market and predicts the development for the rest of the year.
PM demands continued restructuring of credit organisations

PM demands continued restructuring of credit organisations

The steering committee for the restructuring of credit organisations held a meeting in Hanoi on July 27 under the chair of Prime Minister Nguyen Xuan Phuc.
SBV to ease credit growth for commercial banks in Vietnam

SBV to ease credit growth for commercial banks in Vietnam

The SBV would loosen credit growth target for commercial banks in Vietnam to get the economy back on a solid footing.
Central bank bewildered by impossible credit goal triad

Central bank bewildered by impossible credit goal triad 3

The State Bank of Vietnam lowered its interest rates last week, joining the global easing bandwagon in a bid to cushion the economic fallout stemming from the pandemic.
Agriculture out in the cold for credit

Agriculture out in the cold for credit

The State Bank of Vietnam has directed the banking sector to develop a VND250 trillion ($10.87 billion) credit support programme to help companies hit by the COVID-19 pandemic. Despite the noble sentiment, the funds are largely out of reach for agricultural businesses.
Banks ramp up support for customers in COVID-19 time

Banks ramp up support for customers in COVID-19 time

Amidst the COVID-19 epidemic, banks have slashed lending rates by up to 2 per cent to help customers mitigate the implications on their lives and business.    
World Bank to launch $12 billion support package for COVID-19 response

World Bank to launch $12 billion support package for COVID-19 response

The World Bank Group is making available an initial package of $12 billion to assist countries coping with the health and economic impacts of the outbreak.
Banks step up with willing support for COVID-19 times

Banks step up with willing support for COVID-19 times

Many banks have rolled out soft credit packages in a bid to help customers, both retail and corporate ones, to mitigate the adverse impacts of COVID-19.
Micro-finance as a tool to lift ethnic minorities out of poverty

Micro-finance as a tool to lift ethnic minorities out of poverty

Well-designed micro-finance services have helped ethnic minority households optimise severely constrained resources across their lifetime.
Bac Giang brightens up prospects with new rural development programme

Bac Giang brightens up prospects with new rural development programme

The effective implementation of national target programmes has brought new vitality to diverse areas across the northern province of Bac Giang.
SeABank allowed to apply Basel II before deadline

SeABank allowed to apply Basel II before deadline

SeABank was officially recognised by the SBV to have met the minimum capital adequacy ratio in accordance with Basel II international standards.
VPBank on stable development track

VPBank on stable development track

VPBank continues to report rosy business in the third quarter, buoyed by sharp growth in revenue and profit, and improving operating cost and asset quality.
MoF issues feedback on Moody's downgrade of Vietnam

MoF issues feedback on Moody's downgrade of Vietnam

“Vietnam has never delayed paying government debts,” the MoF voiced as Moody’s placed the country's Ba3 ratings under review for downgrade.
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