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Depositors frustrated by plunging interest rates

Depositors frustrated by plunging interest rates

Depositors who enjoyed high returns last year due to elevated interest rates are now facing disappointment, as banks have dragged their rates to record low levels amid economic challenges
Stop focusing loans on a few corporates, PM warns banks

Stop focusing loans on a few corporates, PM warns banks

Lending to property industry up 6% this year

Lending to property industry up 6% this year

Japan bank lending picks up on demand to meet rising material costs

Japan bank lending picks up on demand to meet rising material costs

Japanese bank lending rose 1.8% in July from a year earlier, accelerating from the previous month, as some companies borrowed more to meet rising raw material costs amid a surge in global commodity inflation.
August 7, 2022 | 05:45 pm PT
Bring bank deposit interest to zero: investors association

Bring bank deposit interest to zero: investors association

The Vietnam Association of Financial Investors (VAFI) has called for gradually bringing bank deposit interest rates down to zero so that lending interest rates could be cut to boost growth.
June 22, 2021 | 07:15 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
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
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