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Vietcombank H1 profit surges 35 pct

Vietcombank H1 profit surges 35 pct

State-owned lender Vietcombank reported a VND14.8 trillion (nearly $643.5 million) profit in the first half of the year, up more than 35 percent year-on-year.
Vietnam’s credit growth doubles

Vietnam’s credit growth doubles

Bank credit growth from January 1 to June 15 was 5.1 percent, double the rate recorded in the same period last year.
June 21, 2021 | 12:24 pm GMT+7
First quarter credit growth doubles

First quarter credit growth doubles

Vietnam's credit growth in the first quarter doubled year-on-year, with demand for loans increasing as the economy recovers from Covid-19 impacts.
March 31, 2021 | 07:31 am GMT+7
Bank credit growth could reach 13-14 pct: SSI

Bank credit growth could reach 13-14 pct: SSI

Bank credit is estimated to grow at 13-14 percent in 2021 as the economy revives post-Covid-19, according to brokerage SSI Securities Corporation.
January 09, 2021 | 12:00 pm GMT+7
Credit growth slows due to pandemic

Credit growth slows due to pandemic

Credit growth between January 1 and December 21 hit 10.14 percent, a slower rate compared to previous years due to the Covid-19 pandemic.
December 24, 2020 | 06:15 pm GMT+7
Vietnam banks to continue making profits next year: experts

Vietnam banks to continue making profits next year: experts

A pandemic induced slowdown in credit growth has not hurt commercial banks this year, and this will continue next year, too, experts say.
December 23, 2020 | 06:00 pm GMT+7
Banks offer easy loans to meet year-end credit targets

Banks offer easy loans to meet year-end credit targets

Banks are trying to increase lending by offering low interest rates amid a lack of demand in an economy slowed down by the Covid-19 pandemic.
October 22, 2020 | 09:03 am GMT+7
Deposit rates fall to record low as credit growth crawls

Deposit rates fall to record low as credit growth crawls

Commercial banks have lowered their deposit interest rates to their lowest levels in years as the Covid-19 pandemic slows credit growth.
October 12, 2020 | 04:44 pm GMT+7
Central bank cuts rates for 3rd time

Central bank cuts rates for 3rd time

Vietnam has cut its policy rates for a third time this year to boost lending amid slower credit growth due to the Covid-19 pandemic.
August 07, 2020 | 10:53 am GMT+7
2019 credit growth lowest in 5 years

2019 credit growth lowest in 5 years

Vietnam’s banking sector recorded a credit growth of 13.5 percent year-on-year in 2019, the lowest since 2014.
January 03, 2020 | 10:43 am GMT+7
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.
November 19, 2019 | 11:54 am GMT+7
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
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