Credit surges 11.5% by end-October Business

Credit surges 11.5% by end-October

Credit of the banking system by the end of October this year rose by 11.5% compared to the end of 2021, Bao Viet Securities Company (BVSC) said, citing data from the State Bank of Vietnam (SBV).
Banks upbeat about Q3 2022 business results Business

Banks upbeat about Q3 2022 business results

A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Vietnam (SBV)’s latest survey on business trends of credit institutions showed.
Top legislator urges for healthy banking system Business

Top legislator urges for healthy banking system

National Assembly Chairman Vuong Dinh Hue urged for a healthy banking system in which domestic lenders act as key players and operate in a healthy, effective and transparent manner when assessing the answers of State Bank Governor Nguyen Thi Hong during the Q&A session of the 15th NA in Hanoi on June 9.
Banks gain impressive business results in Q1 Business

Banks gain impressive business results in Q1

Many banks have reported large profits of up to trillions of Vietnamese dong in the first quarter of 2022 thanks to high earnings from services and bancassurance as well as good control of provision costs.
Banking liquidity on the rise Business

Banking liquidity on the rise

Total liquidity in the banking system reached about 13.7 quadrillion VND (601 billion USD) in January, increasing by 2.59 percent against the end of 2021, according to the State Bank of Vietnam.
Capital demand remains high after Lunar New Year holiday Business

Capital demand remains high after Lunar New Year holiday

The State Bank of Vietnam (SBV) has to continually inject money to support the liquidity of the banking system as the capital demand and interest rates on the interbank market have remained high though the Tet (Lunar New Year) holiday has ended.