Banks struggle to lure long-term capital Business

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.

Banks tighten consumer unsecured loans

Along with strictly controlling credit for stock and real estate investments, banks are tightening requirements on consumer unsecured loans in order to limit risk due to bad debts.

In order to secure loans from the Southeast Asia Bank (SeaBank) or the Lien Viet Joint Stock Commercial Bank (LienVietBank), customers must have an account at the bank and confirmation of income from their agencies.