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Central bank continues to tighten screws on property companies

Central bank continues to tighten screws on property companies

Vietnam’s central bank plans to gradually reduce the rate of short-term deposits used for medium- and long-term loans, which go mostly to property companies.
Vietnam central bank clamps down on foreign currency borrowing for imports

Vietnam central bank clamps down on foreign currency borrowing for imports

In a bid to limit dollarization, the State Bank of Vietnam has banned medium and long-term lending in foreign currency to pay for imports.
September 30, 2019 | 08:21 pm GMT+7
Vietnam cashless transactions among lowest in ASEAN

Vietnam cashless transactions among lowest in ASEAN

Cash transactions remain highly popular in Vietnam compared to other ASEAN countries as it has low banking penetration.
May 13, 2019 | 11:50 am GMT+7
Three banks report plunge in profits

Three banks report plunge in profits

While profit across the banking sector grew by an estimated 40 percent last year, VietinBank, LienVietPostBank and SaigonBank have reported steep declines. 
January 25, 2019 | 08:08 pm GMT+7
Prime Minister urges banks to lend more to stop loan-sharking

Prime Minister urges banks to lend more to stop loan-sharking

Prime Minister Nguyen Xuan Phuc has said banks need to lend more, especially to poor people, to overcome the loan-sharking crisis. 
January 10, 2019 | 08:26 am GMT+7
For small enterprises, transparency holds key to access to funds

For small enterprises, transparency holds key to access to funds

Information transparency is one of the key factors that enable small businesses to borrow from credit institutions, according to economists.
December 24, 2018 | 05:00 pm GMT+7
Hungry SMEs need banks to change their ‘risk appetite’

Hungry SMEs need banks to change their ‘risk appetite’

Vietnam’s SMEs are hungry for credit, but banks have to change their ‘risk appetite’ to respond positively, an expert says.
October 29, 2018 | 10:43 am GMT+7
Bubble threat a thing of the past: Saigon realty association

Bubble threat a thing of the past: Saigon realty association

The HCMC realty association says bubble factors have been neutralized, but skeptic experts insist that risks persist.
September 06, 2018 | 09:04 pm GMT+7
VCCI’s 3 solutions to resolve businesses’ credit crunch

VCCI’s 3 solutions to resolve businesses’ credit crunch

A recent survey found that 217 out of 504 questioned businesses in various sectors could not get bank loans for lack of collateral.
September 04, 2018 | 10:44 am GMT+7
Fitch upgrades Vietnamese banks’ ratings thanks to positive outlook

Fitch upgrades Vietnamese banks’ ratings thanks to positive outlook

The global rating agency has credited major banks for higher capital levels and asset quality improvement.
March 02, 2018 | 11:50 am GMT+7
Vietnam orders banks to tighten lending in stock, real estate markets

Vietnam orders banks to tighten lending in stock, real estate markets

Lenders should avoid 'risky areas' and instead prioritize the manufacturing sector, the State Bank said.
January 25, 2018 | 04:50 pm 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 to form $300 mln fund to protect coffee, rice production

Vietnam to form $300 mln fund to protect coffee, rice production

Concessional loans from the World Bank will help support these key export products. 
March 03, 2017 | 02:46 pm GMT+7
 
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