Search credit growth

Lending picks up at Vietnam banks with 1.34% Q1 growth

Credit growth in the Vietnamese banking system accelerated in the final days of last month to reach 1.34% as of March 29 from end-2023.

Banking - Sat, April 20, 2024 | 3:30 pm

Vietnam credit growth rebounds, but at a snail’s pace

Outstanding bank loans in Vietnam increased by 0.26% as of March 25 against the end of last year, marking a rebound from negative growth a month earlier, according to the government-run General Statistics Office.

Banking - Sat, March 30, 2024 | 2:08 pm

Vietnam banks enter new phase of deposit rate cuts

Vietnamese commercial banks, led by state-controlled majors, have begun a new round of lowering deposit interest rates amidst tepid credit growth.

Banking - Sat, March 23, 2024 | 3:42 pm

Vietnam PM orders lower lending rates, wider credit access

Vietnamese Prime Minister Pham Minh Chinh has asked the central bank and commercial lenders to further lower lending interest rates and facilitate greater credit access.

Banking - Thu, March 14, 2024 | 4:39 pm

Seasonal factors, weak economy behind low credit growth: Vietnam central bank

Vietnam’s low credit growth in the first two months of 2024 was due to seasonal factors and weak economy, Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha said on Saturday.

Banking - Sun, March 3, 2024 | 8:12 am

Vietnam begins 2024 with 0.6% credit growth fall

Credit growth of Vietnam’s banking system dropped 0.6% in January over end-2023, according to the State Bank of Vietnam (SBV), the nation’s central bank.

Banking - Wed, February 21, 2024 | 8:07 am

Lend more, promote growth, Vietnam central bank tells commercial banks

The State Bank of Vietnam (SBV) has asked commercial banks to take measures to boost credit growth in the first months of 2024 and contribute to promoting economic growth.

Banking - Fri, February 9, 2024 | 3:40 pm

Vietnam banks thirsty for medium- and long-term capital

Vietnamese banks are holding abundant short-term liquidity, but they still need medium- and long-term capital sources to boost credit growth.

Banking - Mon, February 5, 2024 | 8:07 am

Deposits at banks in Vietnam net rise by record $70 bln in 2023 despite falling rates

Deposits at banks in Vietnam net increased by a record high of nearly VND1,700 trillion (roughly $70 billion) in 2023 although interest rates continuously dropped during the year, according to the central bank.

Banking - Tue, January 9, 2024 | 10:40 pm

Vietnam government wants further lending interest rate cuts

The Vietnamese government has directed the State Bank of Vietnam (SBV) to continue to operate proactive, flexible and effective monetary policies, while encouraging credit institutions to reduce costs, simplify lending procedures and reduce lending interest rates to support economic growth.

Banking - Tue, January 9, 2024 | 9:27 am