Credit institutions commit to doing their bit for the pandemic recovery

Credit institutions commit to doing their bit for the pandemic recovery

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

Lenders request new debt guidance

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

Banks to make provisions for COVID-19 affected loans this year

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

Credit institutions must speed up restructuring to meet deadline

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

VAMC targets to settle 50 trillion VND of bad debts this year

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

SBV’s policy rate cut a positive sign for market, economy: experts

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

SBV interest rate cuts to allay economic difficulties

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

Banks provide assistance to businesses affected by epidemic outbreak

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

New special control regulations for credit institutions to take effect next month

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.
CIC launches portal for borrowers

CIC launches portal for borrowers

Through the portal, borrowers can easily choose credit packages and register loan needs at the appropriate credit institutions, saving travel costs and time when using banking services.
Banks forecast further improvements

Banks forecast further improvements

A majority of credit institutions in the country said their business performance in the first quarter of 2019 was better than the same period last year, according to the State Bank of Vietnam's March survey released late last week.
SBV set to rank local banks, credit institutions

SBV set to rank local banks, credit institutions

The State Bank of Vietnam (SBV) will rank credit institutions and foreign bank branches operating in the country in a move to ensure the safety of the banking system and protect legitimate rights of depositors.
Long-delayed Khanh Hoa housing project investigated

Long-delayed Khanh Hoa housing project investigated

The State Bank of Viet Nam’s branch in Khanh Hoa has asked credit institutions in the province to report on outstanding loans, payments and guarantees for real estate developer Hoang Quan relating to its stagnant social housing project HQC.
Credit institutions’ future bright

Credit institutions’ future bright

A majority of credit institutions in the country expect an upward trend in their business in the remaining months of the year, after making improvements in the first half of 2018, according to a survey released last week by the State Bank of Vietnam.
Gold price fluctuates in two auctions

Gold price fluctuates in two auctions

When the State Bank notified that it would hold the second gold bullion bidding on Apr 4, SJC gold price increased again.
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