Keyword: "credit"

70 Result

Prime Minister Pham Minh Chinh extends new year wishes to the banking sector at a meeting on February 3. (Photo: VNA)

Banking sector asked to overcome difficulties, create breakthroughs

Prime Minister Pham Minh Chinh has urged the banking sector to make an important contribution to maintaining macroeconomic stability, promoting growth, ensuring major balances; reducing costs to reduce lending rates; and providing credit to prioritised industries and programmes.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

In 2024, Vietnam banks see profit increases. (Photo: VietnamPlus)

Banks expect higher profits in 2025

Bank representatives said they plan to increase market share and shift retail, with a focus on sustainable development to boost profits higher than last year.

A farm is damaged by Typhoon Yagi. (Photo: VietnamPlus)

Credit institutions asked to join storm recovery efforts

The Governor of State Bank of Vietnam (SBV) on September 26 issued Directive No.04/CT-NHNN requesting its credit institutions, foreign bank branches, and banking associations to promptly implement solutions to support people and businesses affected by Typhoon Yagi.

The bad debt ratio of the banking system as of the end of May 2024 was at 4.94%, higher than the 4.55% at the end of 2023. (Photo: cafef.vn)

Bad debts kept rising in five months

Bad debts in the banking system in the first five months of 2024 continued to increase by some 75.9 trillion VND (3 billion USD) against the end of 2023.

Customers make transactions at Vietcombank's head office in Hanoi. (Photo: VNA)

This year's credit growth target achievable: experts

As of June 30, credit expanded 6% compared to the end of 2023 while total outstanding loans approximated 14.4 quadrillion VND (563.3 billion USD), a positive signal showing this year's credit growth target of 14 - 15% is within reach, experts said. ​

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong (Photo: VietnamPlus)

Solutions taken to promote credit growth

The banking industry is taking solutions to promote credit growth, increase access of people and businesses to credit, and promptly meet the capital demand of the economy, said Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.

SBV asked to keep interests low and financial access easier

SBV asked to keep interests low and financial access easier

Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) with leading and coordinating governmental ministries and agencies to keep interest rates low and financial access easier for businesses, according to Directive 18/CD-TTg signed on March 7.
Credit offers on the rise nearing Tet

Credit offers on the rise nearing Tet

High demand during the Tet shopping season has prompted commercial banks to introduce credit offers worth hundreds of billions VND for consumers, said industry experts and insiders.