Bank deposits surge in wake of interest rate hike

Bank deposits surge in wake of interest rate hike

Hanoi - Thanks to increases in savings interest rates, deposits at banks increased strongly in the first two months of this year after declining last year.
Gov’t approves extension on bad debt settlement scheme

Gov’t approves extension on bad debt settlement scheme

The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the pilot bad debt settlement of credit institutions based on Resolution 42/2017/QH14.
Direction steady for low interest rates

Direction steady for low interest rates

The local central bank is anticipated to maintain its accommodative stance while keeping a close eye on inflationary concerns and, as a result, economists expect that a likely larger interest rate rise would further boost credit growth.
Central bank to keep watch on bancassurance activities

Central bank to keep watch on bancassurance activities

Bancassurance activities will have to strictly comply with the provisions of the Law on Insurance Business, according to the State Bank of Vietnam (SBV).
Perspectives on SBV’s debt rescheduling alterations

Perspectives on SBV’s debt rescheduling alterations

The current wave of COVID-19’s Delta variant has pushed the Vietnamese government into implementing strict social distancing measures and lockdowns, which also significantly impedes the domestic economy.
Banks struggle to snap up distressed domestic lenders

Banks struggle to snap up distressed domestic lenders

Financially sound local and foreign banks are turning a deaf ear to acquire distressed and insolvent Vietnamese banks as they find it hard to access better equipment to address a range of adverse outcomes under a widely accepted supervisory regime.
Controversies arise as realtors feel left out amid health crisis

Controversies arise as realtors feel left out amid health crisis

The economic downturn has affected almost all industries, including real estate. However, the State Bank of Vietnam and other financial institutions are still keeping a tight rein on this capital-intensive sector.
US removes tariff threats against Vietnam

US removes tariff threats against Vietnam

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.
Lenders give nod to rate cuts to help out

Lenders give nod to rate cuts to help out

Commercial banks have agreed to slash additional interest rates as they sought to help reignite Vietnam’s economy and support vulnerable businesses and individuals...
How the central bank can get to grips with dipping rates and economic turbulence

How the central bank can get to grips with dipping rates and economic turbulence

As global central banks begin to neutralise loosened monetary policy, such as the Fed lowering rates, this is seen as positive signals as the world economy gradually recovers, minimising the risk of global economic crisis.
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.
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 targets credit growth of 12 percent in 2021

Central bank targets credit growth of 12 percent in 2021

The State Bank of Vietnam (SBV) targets a credit growth rate of 12 percent in 2021, equivalent to the growth of 12.13 percent last year, according to SBV Deputy Governor Dao Minh Tu.