Banks roll out credit incentives to boost demand

Banks roll out credit incentives to boost demand

Banks are lowering interest rates to boost demand.
PM works with ministries, agencies on finance-banking activities

PM works with ministries, agencies on finance-banking activities

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.
HCM City to spend 433 million USD on poverty reduction

HCM City to spend 433 million USD on poverty reduction

Authorities of Ho Chi Minh City plan to spend more than 10.2 trillion VND (433 million USD) on a sustainable poverty reduction programme this year.
Vietnam to execute $5 billion real estate credit package

Vietnam to execute $5 billion real estate credit package

The Vietnamese government is set to roll out a credit package worth $5.04 billion, as requested by various ministries.
SMEs struggle to access credit support package

SMEs struggle to access credit support package

Small- and medium-sized enterprises (SMEs) are finding it difficult to access the Government's credit package worth 250 trillion VND (10.7 billion USD) to support those affected by the COVID-19 pandemic because of a lack of trust in their ability to repay.
Credit Suisse AG allocates $200 million credit package to FLC Group

Credit Suisse AG allocates $200 million credit package to FLC Group

FLC Group is the latest partner of Credit Suisse in Vietnam, along with VPBank, Vietcombank, and FE Credit.
Lower cost loans for businesses

Lower cost loans for businesses

Getting their hands on one of these lower-cost loans is hard for firms following the central bank’s recent move to lower the rate that banks would charge for the loans.