State Bank draft overhauls lending Business

State Bank draft overhauls lending

The State Bank of Vietnam has released a draft circular regulating consumer credit activities of financial companies to better manage lending as well as benefit domestic consumers.
Shares up on bank's GDP forecast Business

Shares up on bank's GDP forecast

Shares continued to rally on September 22 on the country's two exchanges after the Asian Development Bank (ADB) raised its forecast for Vietnam's 2015 economic growth.
Taiwanese bank comes to Vietnam Business

Taiwanese bank comes to Vietnam

Taiwan's E.SUN Commercial Bank (E.SUN Bank) on September 18 opened its first branch in Vietnam in Bien Hoa city, the southern province of Dong Nai.
Banks face tough balancing act Business

Banks face tough balancing act

Credit this year has grown robustly and might surpass the 15-17 percent annual target, however, commercial banks will find it difficult to balance lending and deposit sources, according to experts.