Vietnam central bank vigilant on inflation, cautious about credit risks
Vietnam’s central bank will manage its monetary policy in coordination with its fiscal policy to support economic growth, but it will stay alert about the return of inflation and take prompt action to curb it, says Governor Nguyen Thi Hong.
Banking - Mon, November 11, 2024 | 3:29 pm
Tightening credit for second home buyers not logical at this time: economist
Given the current situation of low credit growth, it would be more logical to expand credit, particularly through real estate, rather than tightening it, says economist Le Xuan Nghia.
Real Estate - Wed, October 9, 2024 | 10:55 am
Vietnam credit growth sees Jan-Sept upswing to 8.53%
Total outstanding loans in the Vietnamese banking system grew 8.53% in the year to September 27, up from a 6.24% expansion in the same period last year, according to the General Statistics Office (GSO).
Banking - Mon, October 7, 2024 | 3:15 pm
Vietnam credit growth moves sluggishly towards annual target: central bank
Vietnam’s credit growth had reached only 7.38% as of September 17 against the end of last year, compared with the 15% target for the whole 2024, according to the State Bank of Vietnam.
Banking - Mon, September 23, 2024 | 10:55 pm
Vietnam’s 2024 credit growth target of 15% attainable: official
The State Bank of Vietnam (SBV), the country's central bank, is confident in achieving the credit growth target of 15% this year despite a sluggish start, SBV Deputy Governor Dao Minh Tu said, citing a more optimistic economic outlook.
Banking - Sun, September 8, 2024 | 4:20 pm
Vietnam finance ministry urged to seek $4 bln of bonds for strategic infrastructure development
The Vietnamese Ministry of Finance has been requested to mobilize another VND100 trillion ($4.06 billion) worth of bonds for strategic infrastructure development.
Economy - Sat, September 7, 2024 | 7:14 pm
Banks in Vietnam have credit growth quotas expanded amid tepid lending
The Vietnamese central bank has allowed credit institutions with robust lending activities to expand their credit growth limits, as part of a plan to stimulate overall lending.
Banking - Thu, August 29, 2024 | 9:50 am
Fed’s imminent rate cut to facilitate Vietnam central bank’s monetary loosening
The U.S. Federal Reserve's (Fed) likely interest cut next month will help the State Bank of Vietnam loosen its monetary policy after a period of resorting to several tools to curb the dong’s devaluation.
Banking - Fri, August 23, 2024 | 5:19 pm
Boost credit growth, meet 15% target: PM to central bank
Prime Minister Pham Minh Chinh has requested the State Bank of Vietnam (SBV) to work out measures for accelerating credit growth to overcome a sluggish start and meet the year’s 15% target.
Banking - Tue, August 6, 2024 | 3:44 pm
ABBank the only Vietnamese bank to record negative credit growth
An Binh Commercial Joint Stock Bank (ABBank) is the only bank in Vietnam to post negative credit growth in H1/2024 and have its bad debt ratio increase from 2.91% to 3.55% as of June 30.
Banking - Sun, August 4, 2024 | 9:00 am
Vietnam’s bad debt ratio surges to 6.9% as Covid casts shadow: SBV
Non-performing loans (NPLs) have been rising in Vietnam’s banking system, currently accounting for 6.9% of total lending, a central bank official says.
Banking - Tue, July 23, 2024 | 9:51 pm
Vietnam banks’ H2 profit, credit growth hinge on real estate recovery: expert
The growth of net interest margin (NIM) and credit in Vietnam’s banking sector during the second half of this year will hinge on the revival of the local real estate industry, said an expert.
Banking - Sat, June 29, 2024 | 8:26 am
Credit growth remains far from government target
Credit growth within Vietnam's banking system at the end of May 2024 had increased by only 2.41% against the end of 2023, far below the targets set for this year, the government reported.
Banking - Wed, June 19, 2024 | 10:55 pm
Vietnam central bank demands loan interest rate cut of 1-2 ppts
The State Bank of Vietnam (SBV) has instructed credit institutions to join hands to further reduce loan interest rates by one-two percentage points.
Banking - Fri, May 31, 2024 | 4:41 pm
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