Bad debt handling to be audited Business

Bad debt handling to be audited

The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Vietnam (SAV).
Forex lending to continue next year Business

Forex lending to continue next year

The State Bank of Vietnam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.
State’s divestment plan set for failure Business

State’s divestment plan set for failure

As the stock market is experiencing strong volatility and shows little signs of strong recovery, the State may struggle to sell its stake in State-owned enterprises (SOEs) on schedule.
Vietcombank to cut stake in Eximbank Business

Vietcombank to cut stake in Eximbank

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Vietnam Export-Import Joint Stock Commercial Bank (Eximbank).
Central bank requests control on foreign currency loans Business

Central bank requests control on foreign currency loans

Governor of the State Bank of Vietnam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
Foreign banks expand operations in Vietnam Business

Foreign banks expand operations in Vietnam

Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.
Banks tighten lending rules Business

Banks tighten lending rules

Many commercial banks in the country have increased loan interest rates by 1-2 percent to investors in real estate as property prices continue to rise.