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Bank credit growth expected to slow down in 2023

Bank credit growth expected to slow down in 2023

Bank credit is forecast to grow at only 12% this year since economic activity is slow and the property sector, usually the biggest borrower, is in a slump.
Credit growth slowing down

Credit growth slowing down

Credit growth in the first months of this year slowed significantly due to high interest rates and firms’ poor health, raising concerns about rising bad debts.
March 12, 2023 | 11:43 pm PT
Let credit flow into investment, exports, consumption: PM

Let credit flow into investment, exports, consumption: PM

Bank loans need to be accessible by three growth-driving areas of investment, exports, consumption while only suitable property projects can borrow, said Prime Minister Pham Minh Chinh.
December 6, 2022 | 02:22 am PT
Vietnam central bank raises cap on 2022 credit growth

Vietnam central bank raises cap on 2022 credit growth

Vietnam's central bank said on Monday it had raised its 14% cap on the local banking system's credit growth for this year by 1.5-2.0 percentage points.
December 5, 2022 | 05:16 am PT
Vietnam considers raising cap on credit growth

Vietnam considers raising cap on credit growth

Vietnam will consider lifting the cap on its credit growth, its prime minister said, as the economy is facing pressure from higher interest rates and tightening credit conditions.
November 17, 2022 | 07:48 pm PT
No expansion of credit growth target: central bank

No expansion of credit growth target: central bank

A central bank deputy governor said Saturday that the nation’s credit growth target of 14% for 2022 remains unchanged.
September 18, 2022 | 08:15 am PT
End of the line for loan hopefuls as banks exhaust credit quotas

End of the line for loan hopefuls as banks exhaust credit quotas

It has become a struggle to get loans from banks to buy houses or cars with lenders saying they have used up their credit growth quotas.
August 2, 2022 | 04:46 pm PT
Banks hike mortgage interest rates

Banks hike mortgage interest rates

Several banks have increased mortgage interest rates by up to 1 percentage point amid credit tightening.
July 16, 2022 | 12:30 am PT
Agribank to sell stake in PVcomBank

Agribank to sell stake in PVcomBank

Agribank, one of the ‘Big 4’ state-owned lenders, is going to make a competitive offering of 247,500 shares of PVcomBank.
July 14, 2021 | 08:06 pm PT
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.
July 12, 2021 | 06:27 pm PT
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 20, 2021 | 09:24 pm PT
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 30, 2021 | 04:31 pm PT
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 8, 2021 | 09:00 pm PT
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 | 03:15 am PT
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