Former Tan Hiep Phat Company director sentenced to 8 years in prison
Tran Qui Thanh, former director of Tan Hiep Phat Trading Service Company Limited, was sentenced to eight years behind bars for “abusing trust to appropriate property”.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Prime Minister requests faster, more flexible credit management
Credit management must be faster, flexible and effective, Prime Minister Pham Minh Chinh has ordered.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Early birds: Vietcombank, BIDV offer loans to repay debts with other banks
Two state-owned banks, Vietcombank and BIDV, are early birds taking advantage of loosened regulations to help businesses and individuals repay their debts with other banks.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam consumer lending companies report heavy losses in H1
Amid the gloomy business picture in the first half of the year, many consumer finance companies and pawnshops in Vietnam have reported heavy losses or plunging profits compared to the same period last year.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks may cut loan interest by 2.5 percentage points in H2
Commercial banks have pledged to cut the loan interest rates by 0.2-2.5 percentage points in the second half of the year, says Vietnam's central bank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s Kasikornbank eyes to invest $1 bln in Vietnam till 2027
Thailand's second-biggest lender Kasikornbank (KBank) aims to invest at least $1 billion in Vietnam until 2027 as part of its expansion in Southeast Asia, the bank announced Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Russian man arrested for operating illegal loansharking firms in HCMC
A Russian national was detained by Ho Chi Minh City police on Monday for allegedly operating six loansharking companies in the city.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB scales up corporate finance lending in Asia
The Asian Development Bank (ADB) is ramping up its lending to the private sector and financial institutions across the continent via its Private Sector Operations Department, or PSOD.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC lends $40 mln to Vietnam lender SHB, expects new $50 mln
World Bank investment arm IFC signed a $40 million loan for Saigon-Hanoi Bank (SHB) on Tuesday to help the lender expand financial access for small and medium enterprises, while seeking a $50 million financing package for the same purpose.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading Vietnamese retail bank VIB assures loan security: chairman
Vietnam International Bank (VIB), one of the country’s major retail banks, provides secure loans despite domestic and global headwinds, and will beef up its charter capital to further drive its strong growth, chairman Dang Khac Vy said Wednesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
State Bank upholds credit growth cap, urges lending for production
TVietnam's central bank has confirmed its cap on the banking system's credit expansion for this year will be unchanged at 14%, urging banks to boost lending for production activities.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property market might fall into recession: association
The Vietnamese real estate market is facing big difficulties with "risks of falling into a recession," Ho Chi Minh City Real Estate Association (HoREA) said in a document sent to the Prime Minister on Monday.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Vietcombank director gets 16 years in prison for illegal lending
Former director of Vietcombank's Tay Do branch, Nguyen Minh Chuyen, was sentenced to 16 years in prison on Friday for breach of lending regulations.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shinhan Bank launches SOHO loan package for small businesses
Shinhan Bank Vietnam has introduced a new loan product for business households, private enterprises, and micro businesses to finance their short-term working capital demand and mid to long-term expansion.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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No offshore wind projects in Vietnam until 2028: global council
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