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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.
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 | 06:00 pm GMT+7
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 19, 2019 | 11:54 am GMT+7
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
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 | 05:00 pm GMT+7
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 | 06:41 pm 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
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 20, 2018 | 02:06 pm GMT+7
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 09, 2018 | 08:05 pm GMT+7
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 26, 2018 | 09:03 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
US slams World Bank lending to rich countries like China

US slams World Bank lending to rich countries like China

'We think the World Bank can do a better job meeting its commitments to poorer countries.'
November 09, 2017 | 09:19 am GMT+7
HCMC's credit growth hits 4-year high in Jan-Sep

HCMC's credit growth hits 4-year high in Jan-Sep

Low interest rates boosted lending to $63 billion in the first nine months.
October 17, 2016 | 03:45 pm GMT+7
Vietnam banks see 2016 credit growth at 21.8 percent: central bank survey

Vietnam banks see 2016 credit growth at 21.8 percent: central bank survey

That would be higher than the central bank's target of between 18 and 20 percent for the year, and a sharp rise from last year.
October 11, 2016 | 10:59 am GMT+7
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