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.
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.
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