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Banks have liquidity to cut lending interest rates, but no demand: SBV

Banks have liquidity to cut lending interest rates, but no demand: SBV

Banks have a lot of liquidity and will lower interest rates further, but businesses are not borrowing now amid low demand, a central bank official has said.
AEON Vietnam secures $41M loans from two Japanese banks

AEON Vietnam secures $41M loans from two Japanese banks

The Japan Bank for International Cooperation and Mizuho Bank have agreed to provide loans of US$24 million and $17 million to retailer AEON Vietnam to fund its southern expansion.
July 19, 2023 | 02:39 am PT
Bank lent nearly half of authorized capital to single project: inspectors

Bank lent nearly half of authorized capital to single project: inspectors

The Government Inspectorate has uncovered violations committed by five banks, including lending for a single property project the equivalent of nearly half its capital by one of them.
July 11, 2023 | 08:30 pm PT
PM wants banks to cut loan interest rates for small businesses

PM wants banks to cut loan interest rates for small businesses

Prime Minister Pham Minh Chinh has instructed banks to consider lowering loan interest rates and ease lending conditions for small and medium-sized businesses to boost economic recovery.
July 6, 2023 | 08:07 pm PT
Japan provides $422M ODA loan to Vietnam

Japan provides $422M ODA loan to Vietnam

The Japan International Cooperation Agency has signed an official development assistance agreement with the Vietnamese government to provide a loan of 60.98 billion yen (US$422 million) for three projects.
July 4, 2023 | 09:44 pm PT
Banks to get 0% interest loans during runs under proposed law changes

Banks to get 0% interest loans during runs under proposed law changes

Banks facing a risk of insolvency due to a run could receive interest-free loans from the central bank and other agencies if proposed changes to the laws are approved.
April 19, 2023 | 07:10 pm PT
40% of car buyers in Vietnam depend on loans

40% of car buyers in Vietnam depend on loans

Only 30-40% of Vietnamese car buyers resort to bank loans compared to some 80% in developed countries.
March 16, 2023 | 03:15 pm PT
Allow land mortgages for international loans, experts propose

Allow land mortgages for international loans, experts propose

Financial experts have proposed that land use rights be allowed to be mortgaged for international loans, either directly with some restrictions or indirectly through domestic credit institutions.
March 16, 2023 | 12:00 am PT
Central bank seeks to reduce banks’ loans to their shareholders

Central bank seeks to reduce banks’ loans to their shareholders

The State Bank of Vietnam is seeking to reduce the amount banks can lend to their shareholders as part of efforts to prevent manipulation and reduce cross-ownership.
March 14, 2023 | 09:03 pm PT
Deposit interest rates continue to decrease

Deposit interest rates continue to decrease

Commercial joint stock banks have continued to lower deposit interest rates since the middle of this month, a move that is expected to help reduce lending rates and support businesses.
February 22, 2023 | 11:40 pm PT
21% of outstanding loans in 2022 went to property sector: central bank

21% of outstanding loans in 2022 went to property sector: central bank

The property sector did not have difficulty accessing bank credit last year, and in fact 21.2% of all loans went to it, a central bank executive said Wednesday.
February 8, 2023 | 08:06 pm PT
Pawnshop chain F88 borrows $60 mln from global funds

Pawnshop chain F88 borrows $60 mln from global funds

Pawnshop chain F88 has managed to raise loans worth US$60 million from two international financial institutions to fund its expansion.
November 13, 2022 | 06:35 pm PT
Central bank to raise credit quota for 'healthy' banks

Central bank to raise credit quota for 'healthy' banks

The State Bank of Vietnam (SBV) will provide more credit quotas to "healthy banks" as many lenders have met their loan limits.
September 7, 2022 | 12:14 am PT
$34.2-bln loan package for post-Covid recovery virtually undisbursed

$34.2-bln loan package for post-Covid recovery virtually undisbursed

Banks have only disbursed 1% of the VND800 trillion (US$34.2 billion) economic recovery package in the three months since it was announced.
August 18, 2022 | 10:50 pm PT
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