How bad debts influence lending rates
May 30, 2023 | 18:38
Last week the State Bank of Vietnam continued reducing diverse regulatory interest rates in a bid to help remove impediments for borrowers, as well as support credit institution efforts to drive down input costs, and from there be able to reduce lending r
Credit institutions allowed to reschedule repayment terms
April 25, 2023 | 12:17
Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.
PM works with ministries, agencies on finance-banking activities
April 24, 2023 | 08:53
Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.
Weak bank revival to necessitate patience
February 24, 2023 | 09:50
Reorganising distressed credit institutions is to be a major focus in Vietnam in 2023, but it could take 8-10 years to transform troubled lenders into financially sound ones.
Firm grasp of rules crucial in handling customer info
August 29, 2022 | 08:00
The State Bank of Vietnam has issued a formal request to credit institutions and foreign bank branches for cooperation and information sharing with tax administration organisations. Le Khanh Lam, tax partner at RSM, discussed with VIR’s Le Luu how banks and tax agencies can harmonise the fresh legislation, and how barriers can be overcome without compromising customers’ rights.
Banks are upbeat about profit prospects in 2022
January 07, 2022 | 20:35
The State Bank of Vietnam's (SBV) fresh survey shows that most credit institutions are optimistic about the business situation in the forthcoming quarter.
Credit institutions commit to doing their bit for the pandemic recovery
August 25, 2021 | 21:59
The State Bank of Vietnam will reinforce monitoring of commercial banks’ execution of their obligations in relief measures based on the outcomes of rates and charge cuts – but banks are trying to optimise their efficiency by tapping into non-interest income expansion.
Lenders request new debt guidance
January 28, 2021 | 10:00
Credit institutions are hankering for detailed guidance on handling rescheduling debt groups to assist affected businesses and individuals due to the health crisis, which is expected to be unveiled soon by Vietnam’s central bank.
Banks to make provisions for COVID-19 affected loans this year
January 24, 2021 | 10:04
Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV).
Credit institutions must speed up restructuring to meet deadline
June 16, 2020 | 11:20
Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up the process to meet the State Bank of Vietnam (SBV)’s deadline this year.
VAMC targets to settle 50 trillion VND of bad debts this year
June 08, 2020 | 06:58
The Vietnam Asset Management Company (VAMC) targeted to settle bad debts worth totally 50 trillion VND (2.15 billion USD) this year.
SBV’s policy rate cut a positive sign for market, economy: experts
May 15, 2020 | 10:20
The State Bank of Vietnam (SBV)’s interest rate cut is a positive sign for the market and economy, especially for businesses with loans, according to experts.
SBV interest rate cuts to allay economic difficulties
May 14, 2020 | 09:23
Interest rate cuts by the State Bank of Vietnam (SBV) and cost savings among credit institutions will pave the way for sustainable lending rate reductions, thus easing difficulties faced by businesses.
Banks provide assistance to businesses affected by epidemic outbreak
February 10, 2020 | 09:16
In response to the State Bank of Viet Nam’s appeal, a number of credit institutions have announced plans to support businesses affected by the coronavirus epidemic.
New special control regulations for credit institutions to take effect next month
September 27, 2019 | 09:41
The State Bank of Viet Nam (SBV)’s Governor or the directors of SBV’s municipal and provincial branches will be able to lace credit institutions under the SBV’s special control, starting from next month.
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