Vietnam’s credit registry coverage increased to 59.6 percent in 2020 from 41.8 percent in 2015, said Do Hoang Phong, director of the Vietnam Credit Information Centre (CIC).
The State Bank of Vietnam (SBV) has proposed expanding the Vietnam Asset Management Company's (VAMC) operations, saying the agency should purchase and sell bad debts and assets of all sectors in the economy.
Cambodia’s Agriculture and Rural Development Bank (ARDB) said that it has received more than 288 loan applications so far with a total value of 31 million USD from small and medium sized enterprises (SMEs), according to Khmer Times.
Financial firms extended loan dues for more than 223,000 borrowers whose outstanding loans stood at 151 trillion VND (6.49 billion USD) by May 25, according to the State Bank of Vietnam.
The fees for fast interbank fund transfers will be cut for the second time this year to promote cashless payments amid the rapid spread of the COVID-19 outbreak, the National Payment Corporation of Vietnam (NAPAS) announced on March 16.
Vietnam has made considerable progress in terms of providing access to credit to become one of the top 25 global performers, according to the newly-released Doing Business Report 2020 produced by the World Bank.
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.
More than 773,000 out of over 1 million firms in the country, or 73.4 percent, are unable to access credit, it was reported at a conference on promoting access to credit held by the National Credit Information Centre (CIC) in Ho Chi Minh City on June 18.
The National Credit Information Centre of Vietnam (CIC) and the State Bank of Vietnam (SBV) has officially launched a portal connecting borrowers and credit institutions.
Private organisations will be encouraged to provide credit information in Vietnam to improve transparency in the credit information market, under a new draft decree.
The State Bank of Vietnam (SBV) held a conference in Hanoi on October 25 to review the financial sector modernisation and information management system project.
The 2018 Ho Chi Minh City Innovation, Startup and Entrepreneurship Week (WHISE 2018), the city’s biggest startup event of the year, was launched on October 1, with the aim of promoting innovation and startups in the city.
Deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu speaks to Vietnam News Agency's English-language newspaper Viet Nam News about these issues on the sideline of the recent ADB 51st Annual Meeting in Manila, the Philippines
Domestic textile enterprises and logistics service providers should work together to reduce costs and improve their competitiveness, according to experts.
Improved macroeconomic stability was likely to help Vietnamese banks curb new non-performing loans (NPL), Fitch Ratings said in its latest Asia-Pacific Banks Chart of the Month report on Vietnam.
Small- and medium-sized enterprises still face difficulties in trying to access loans and do not have too many options with regard to channels for mobilisation of capital.
Commercial banks and credit rating agencies are likely to take their
first cautious steps toward providing loans without requiring collateral
by evaluating company's portfolios and their leadership.
Business
XIII National Congress of Communist Party of Vietnam
