Ratings agencies bullish on credit growth prospects

Ratings agencies bullish on credit growth prospects

Although the State Bank of Vietnam has set stringent limits on credit growth at commercial lenders in a bid to control risky lending activities, commercial lenders are now looking forward to a potential future easing of the credit growth limit.
Central bank to adjust monetary policies to weather pandemic

Central bank to adjust monetary policies to weather pandemic

The State Bank of Viet Nam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.
Bad debts tend to rise despite slow credit expansion

Bad debts tend to rise despite slow credit expansion

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
Bank lending expected to get out of coronavirus doldrums soon

Bank lending expected to get out of coronavirus doldrums soon

Experts have forecast bank credit growth in the second quarter to reach 3.5-4 percent, much higher than the rate in the first quarter.
Techcombank to issue 4.7mn shares to employees

Techcombank to issue 4.7mn shares to employees

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue 4.7 million shares to current employees under its employee stock ownership plan (ESOP), at a price of 10,000 VND (0.43 USD) per share.
Credit growth adds up to 16 per cent in 11 months

Credit growth adds up to 16 per cent in 11 months

Credit growth has climbed to around 16 per cent by the end of November, possibly on track to meet the target of 17 per cent set for the entire year.
Is it time to wave good-bye to the credit growth ceiling?

Is it time to wave good-bye to the credit growth ceiling?

Experts suggest the central bank to abolish the annual credit growth target and let the market decide its own supply and demand of credit.
Banks in search for additional credit growth space

Banks in search for additional credit growth space

As many banks have reached their credit growth limit, they are seeking for additional space from the central bank to meet the year-end credit demand.
Credit growth must be controlled

Credit growth must be controlled

Authorities need to closely control the rapid increase in Vietnam’s credit-to-GDP gap so as not to cause high inflation as in the past, experts have warned.
Banks upbeat about reaching full-year profit targets

Banks upbeat about reaching full-year profit targets

Banks are confident in reaching their full-year profit targets albeit the central bank is unlikely to loosen banks’ credit growth limit in the second half.
Central bank adamant on credit growth cap

Central bank adamant on credit growth cap

Local banks might struggle more in the second half of the year as the central bank refuses to increase the credit growth limit.
Economic growth reduces dependence on bank loans

Economic growth reduces dependence on bank loans

Though credit growth has declined recently, Vietnam’s GDP has continued to rise in the past one and a half years thanks to the improvement of credit quality and the contribution of foreign direct investment (FDI) firms.
Credit yet to spike northwards

Credit yet to spike northwards

Although banks are continuing to reduce lending rates and offer more preferential credit packages, the sluggish loan market continues to hobble the banking system.
Banking system mired in trouble

Banking system mired in trouble

Bad loans and other losses from banking activities produced a dramatic decline in performance for Vietnam’s banking system.
Credit on banks’ lips

Credit on banks’ lips

Industry players in early 2013 have put credit performance on the dinner plate.
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