SBV sets credit growth target to 14 per cent in 2022

SBV sets credit growth target to 14 per cent in 2022

The SBV would increase its credit growth objective to around 14 per cent and will be more flexible in its operational orientation in 2022.
Which banks are allowed to increase their credit growth?

Which banks are allowed to increase their credit growth?

11 of 13 Vietnamese commercial banks have been given permission to increase their credit lines by the State Bank of Vietnam.
Offering credit caution for corporate bond players

Offering credit caution for corporate bond players

Vietnamese banks and real estate developers are foraying into the corporate bond arena as it is offering attractive yields for their portfolio diversification strategies.
Vietnamese banks authorised to lift credit growth

Vietnamese banks authorised to lift credit growth

A number of commercial banks have been allowed to lift their credit growth target to expand their operations.
Mastercard to be banned in India for non-compliance with data storage rules

Mastercard to be banned in India for non-compliance with data storage rules

India has just announced to ban the US-based payment behemoth Mastercard for non-compliance with data storage rules, effective from July 22.
Watchdogs notice stable credit growth

Watchdogs notice stable credit growth

Commercial lenders with sound financial foundations might be eligible to lift their credit growth ratio, which could bring about higher deposit interest rates in the latter half of this year.
SBV clamping down on credit risks

SBV clamping down on credit risks

Despite stringent requirements applicable for risky sectors such as securities, real estate, and build-operate-transfer projects, credit is envisaged to grow in the coming quarters given the favourable interest rates and a much-improved risk management mechanism. 
Lenders on course to reach 2021 targets

Lenders on course to reach 2021 targets

Favourable legislation from the Vietnamese government, stronger demand for credit, and more affordable cost of capital after policy rate cuts have provided a shot in the arm for banks’ profit.
Credit growth may reach 12-13 per cent in 2021

Credit growth may reach 12-13 per cent in 2021

Credit growth is expected to reach 12-13 per cent this year despite modest growth in the first quarter.
Moody's takes rating actions on 15 Vietnamese banks

Moody's takes rating actions on 15 Vietnamese banks

Moody's Investors Service has affirmed the long-term local and foreign currency deposit ratings and issuer and senior unsecured ratings of 15 banks in Vietnam.
Moody's affirms Vietnam positive move in fiscal vigour

Moody's affirms Vietnam positive move in fiscal vigour

Moody’s Investors Service (Moody's) has affirmed Vietnam’s long-term credit rating at Ba3 and raised its outlook for the country to "positive".
Strategies to suit banking’s challenges

Strategies to suit banking’s challenges

The overall picture of the banking industry in 2020 and into 2021 has revealed both strengths and weaknesses. At the end of the third quarter, data from the General Statistics Office (GSO) showed that credit growth of the entire industry in our country reached 5.12 per cent after nine months, corresponding to less than 40 per cent of the annual growth plan from the beginning of the year.
Credit growth likely to reach 11 per cent in 2020 and 12-14 per cent in 2021

Credit growth likely to reach 11 per cent in 2020 and 12-14 per cent in 2021

The SBV predicts that next year's credit growth is expected to reach at least 12 per cent, after 11 per cent in 2020.
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.
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