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Vietnam credit growth
Credit growth projected at 16% for 2025

Credit growth projected at 16% for 2025

Credit growth across Vietnam's banking system is projected to reach about 16% in 2025, according to the State Bank of Vietnam (SBV). In a document sent to financial institutions, said the central bank.
Banks hike interest rates as deposit growth slows

Banks hike interest rates as deposit growth slows

Deposit interest rates edge up as banks gear for rising loan demand

Deposit interest rates edge up as banks gear for rising loan demand

Bank loan interest rates down nearly 1 point this year

Bank loan interest rates down nearly 1 point this year

Banks’ average lending interest rate was 8.3% as of the end of June, down 0.96 percentage points for the year, according to the State Bank of Vietnam.
August 6, 2024 | 06:17 pm PT
Deposit interest rates rise above 6%

Deposit interest rates rise above 6%

Over a dozen lenders have increased their deposit interest rates by 0.1-1.3 percentage points in the past two weeks, with the highest for a 12-month tenor now being 6.2%.
July 30, 2024 | 07:12 pm PT
Banks raise deposit interest rates

Banks raise deposit interest rates

Some 20 banks have hiked their deposit interest rates by 0.1-0.9 percentage points in the last month, with the highest for 12-month deposits now being 5.9%.
July 10, 2024 | 09:54 pm PT
June bank credit surpasses previous 5 months’ aggregate

June bank credit surpasses previous 5 months’ aggregate

Banks lent VND480,000 (US$18.88 billion) in June, higher than their total lending in the first five months, indicating a rising demand for credit.
July 9, 2024 | 06:33 pm PT
Central bank fears instability if banking credit growth cap removed

Central bank fears instability if banking credit growth cap removed

Removing the cap on credit growth could lead to a surge in bad debts, threatening the safety of the banking system, the State Bank of Vietnam has said.
May 26, 2024 | 11:15 pm PT
Lenders' mortgage growth falls to 5-year low: central bank

Lenders' mortgage growth falls to 5-year low: central bank

Mortgages at banks grew by just 1% in 2023, the slowest pace in the last five years, according to the State Bank of Vietnam.
April 14, 2024 | 07:31 pm PT
Property developers seek further access to bank loans

Property developers seek further access to bank loans

Property developers are advocating for lower loan interest rates and streamlined administrative procedures to enhance liquidity in the market.
March 14, 2024 | 02:34 am PT
Consumer loans slow to a crawl in 2023

Consumer loans slow to a crawl in 2023

Consumer loan growth inched along more sluggish than a snail last year as demand for house and vehicle purchases drowned amid economic challenges.
January 14, 2024 | 03:04 pm PT
 
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