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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.
Supervise real estate lending to avoid speculation: PM

Supervise real estate lending to avoid speculation: PM

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to supervise capital flow into the real estate sector to prevent speculation.
April 18, 2021 | 10:37 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
Pawn shop chains raise big bucks to expand

Pawn shop chains raise big bucks to expand

Vietnamese pawn shop chains have been attracting increasing investment for several years now as large demand for quick loans prompt their expansion.
February 26, 2021 | 11:00 pm PT
Lending, insurance boost 2020 bank profits

Lending, insurance boost 2020 bank profits

Commercial banks could see their pretax profit grow by 22.5 percent this year with rising income from lending and insurance.
January 24, 2020 | 04:30 pm PT
Central bank lowers ceiling on short-term interest rates

Central bank lowers ceiling on short-term interest rates

The State Bank of Vietnam (SBV) has lowered the interest rate cap on 6-month dong deposits from 5.5 percent to 5 percent, effective Tuesday.
November 19, 2019 | 03:00 am PT
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 18, 2019 | 08:54 pm PT
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 | 05:21 am PT
Vietjet, Masan buy 77 pct of bonds issued by Viet Capital

Vietjet, Masan buy 77 pct of bonds issued by Viet Capital

Budget airline Vietjet and food producer Masan have spent VND387 billion ($16.62 million) on the bonds issued by stock brokerage firm Viet Capital Securities.
July 23, 2019 | 02:00 am PT
Interest rate rises in the lead-up to biggest national holiday

Interest rate rises in the lead-up to biggest national holiday

Domestic banks hiked deposit rates by 0.1-0.5 percentage points to encourage savings amidst the pre-Tet spending surge.
January 27, 2019 | 03:41 am PT
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 | 02:00 am PT
PVN wants deposits unfrozen to fund delayed, cash-strapped power plant

PVN wants deposits unfrozen to fund delayed, cash-strapped power plant

PVN is seeking to withdraw $5.5 million worth of frozen deposits its subsidiaries have in OceanBank to finance its much-delayed Thai Binh 2 plant.
August 19, 2018 | 11:06 pm PT
Central Bank to inspect lending to stock, real estate sector

Central Bank to inspect lending to stock, real estate sector

The central bank has said it will inspect banks with large lending portfolios in real estate and stock markets.
August 9, 2018 | 05:05 am PT
China's financial watchdog begins inspections of banks' risky lending: sources

China's financial watchdog begins inspections of banks' risky lending: sources

The move is amidst China's second year of a nationwide crackdown to reduce risks in the financial system.
April 25, 2018 | 06:03 pm PT
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