Vietnam cashless transactions among lowest in ASEAN

Prime Minister Nguyen Xuan Phuc has said banks need to lend more, especially to poor people, to overcome the loan-sharking crisis. 

Information transparency is one of the key factors that enable small businesses to borrow from credit institutions, according to economists.

Vietnam’s SMEs are hungry for credit, but banks have to change their ‘risk appetite’ to respond positively, an expert says.

The HCMC realty association says bubble factors have been neutralized, but skeptic experts insist that risks persist.

A recent survey found that 217 out of 504 questioned businesses in various sectors could not get bank loans for lack of collateral.

The global rating agency has credited major banks for higher capital levels and asset quality improvement.

Lenders should avoid 'risky areas' and instead prioritize the manufacturing sector, the State Bank said.

The economy also surpassed the annual target by reaching 6.81 percent growth.

Concessional loans from the World Bank will help support these key export products.