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Banks restrict lending as credit growth ceiling nears

Banks restrict lending as credit growth ceiling nears

Many commercial banks in Vietnam are tightening lending as they reach their designated credit growth, eliciting complaints from customers.
Interest income delivers double digit profit growth for banks

Interest income delivers double digit profit growth for banks

Vietnamese banks have posted double digit profit growth in Jan-Sept 2019, with net interest income accounting for the lion's share.
October 31, 2019 | 11:21 am GMT+7
Bank credit growth likely to fall below target: securities firms

Bank credit growth likely to fall below target: securities firms

Securities companies forecast banking credit growth this year to be 12-13 percent, lower than the central bank's 14 percent target.
August 15, 2019 | 11:01 am GMT+7
Vietnam posts H1 credit growth of 7.33 pct

Vietnam posts H1 credit growth of 7.33 pct

Credit grew 7.33 percent in the first half of 2019, slightly higher than 6.14 percent in the same period last year, according to the central bank.
July 06, 2019 | 07:36 am GMT+7
Vietnam's credit growth hit 18.17 pct in 2017: Ministry of Finance

Vietnam's credit growth hit 18.17 pct in 2017: Ministry of Finance

The economy also surpassed the annual target by reaching 6.81 percent growth.
January 09, 2018 | 11:03 am GMT+7
Vietnam’s banking sector expects 44 pct surge in profits in 2017

Vietnam’s banking sector expects 44 pct surge in profits in 2017

Bad debts have gone down and the real estate market is warming up.
December 26, 2017 | 02:49 pm GMT+7
Vietnam to tighten credit for high-end property developments: Central bank governor

Vietnam to tighten credit for high-end property developments: Central bank governor

The use of short-term funds for medium- to long-term loans will be cut.
November 17, 2017 | 05:27 pm GMT+7
Moody's raises outlook for Vietnam's banking system

Moody's raises outlook for Vietnam's banking system

The upgrade was supported by the country’s robust economic growth and diversified economy.
November 01, 2017 | 05:26 pm GMT+7
Vietnam's PM says pace of credit growth should be speeded up

Vietnam's PM says pace of credit growth should be speeded up

The State Bank of Vietnam in February set year's target at 18 percent
August 14, 2017 | 08:25 pm GMT+7
Vietnam's central bank expects credit growth to reach 17-18 percent

Vietnam's central bank expects credit growth to reach 17-18 percent

The State Bank also says it will keep the dong/dollar exchange rate stable.
November 30, 2016 | 02:18 pm GMT+7
HCMC's credit growth hits 4-year high in Jan-Sep

HCMC's credit growth hits 4-year high in Jan-Sep

Low interest rates boosted lending to $63 billion in the first nine months.
October 17, 2016 | 03:45 pm GMT+7
Vietnam's banking system needs $25 bln to clear off toxic debts

Vietnam's banking system needs $25 bln to clear off toxic debts

The country needs $25 billion to address bad debt, equivalent to 13 percent of the country’s gross domestic product in 2015, financial experts say.
October 13, 2016 | 03:00 pm GMT+7
Vietnam banks see 2016 credit growth at 21.8 percent: central bank survey

Vietnam banks see 2016 credit growth at 21.8 percent: central bank survey

That would be higher than the central bank's target of between 18 and 20 percent for the year, and a sharp rise from last year.
October 11, 2016 | 10:59 am GMT+7
Vietnam's bad debts under control, central bank says

Vietnam's bad debts under control, central bank says

The State Bank of Vietnam aims to bring down toxic debts in local lenders to below 3 percent of total outstanding loans this year.
October 08, 2016 | 03:00 pm GMT+7
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