Credit institutions warned about P2P lending Business

Credit institutions warned about P2P lending

The State Bank of Vietnam (SBV) has warned Vietnamese credit institutions and foreign banks in the country to be cautious before working with peer-to-peer (P2P) lending companies as there are many risks related to the service.
Banks to work harder on cyber crime Sci-Tech

Banks to work harder on cyber crime

Cyber security is a hot issue globally and in Vietnam, concerns on the subject have been expressed by the Government and departments, especially in the field of banking – finance, said Le Manh Hung, director of the State Bank of Vietnam’s Information Technology Department.
Credit growth goal set at 18 percent for 2017 Business

Credit growth goal set at 18 percent for 2017

The State Bank of Vietnam (SBV) has set a credit growth target of 18 percent for this year and it pledged to continue measures to keep credit growth suitable to the country’s economic development.
Business

Banks up on higher foreign stakes

Prices of bank shares rose on January 7 after the release of Decree 01/2014/ND-CP on lifting foreign ownership in Vietnamese credit institutions.