Commercial banks tighten real estate lending Business

Commercial banks tighten real estate lending

Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Vietnam (SBV)'s policy on controlling credit growth in risky areas.
Credit growth in Q1 2022 hits high level Business

Credit growth in Q1 2022 hits high level

Credit growth of credit institutions was quite positive at 5.04 percent at the end of the first quarter of this year, much higher than the 2.16 percent rise in the same period last year, the State Bank of Vietnam (SBV)’s Deputy Governor Dao Minh Tu said at the Government’s regular press conference in March.
HCM City credit growth rebounds in Q1 Business

HCM City credit growth rebounds in Q1

Ho Chi Minh City’s credit growth has rebounded, growing by 3.65 percent as of the end of March, up 13.1 percent year-on-year, according to the State Bank of Vietnam’s HCM City branch.
 Bac Giang targets social policy credit growth at 7-10 percent in 2022 Society

Bac Giang targets social policy credit growth at 7-10 percent in 2022

Credit growth of the Vietnam Bank for Social Policies (VBSP)'s branch in the northern province of Bac Giang is expected to be between 7-10 percent in 2022, according to Vice Chairman of the provincial People’s Committee and head of the representative board of the branch's board of directors Phan The Tuan.
Expanded credit growth quota supports firms in recovery Business

Expanded credit growth quota supports firms in recovery

The State Bank of Vietnam (SBV)’s expansion of credit growth quotas for commercial banks has created favourable conditions for lenders to boost lending, contributing to supporting capital sources for individuals and firms to recover after the COVID-19 pandemic.
Credit growth expected to recover in new normal Business

Credit growth expected to recover in new normal

Deputy Governor of the State Bank of Vietnam Dao Minh Tu said that favourable conditions will be created to facilitate businesses’ access to loans, but credit quality still needs to be guaranteed and bad debt needs to be controlled in the short, medium, and long terms.
Vietcombank completes 98 percent of yearly credit plan Business

Vietcombank completes 98 percent of yearly credit plan

By the end of the third quarter, the credit of the Foreign Trade Joint-stock Bank (Vietcombank) was 923,385 billion VND (40.550 million USD), an increase of 11.5 percent over the whole of 2020 and representing 98 percent of this year’s plan, according to the lender.
New money into stock market slows down, growth may miss targets Business

New money into stock market slows down, growth may miss targets

In its recent report, Dragon Capital said that the market uptrend is still led by new individual investors. However, while margin loans were still at a record high and securities companies continued to raise capital, new money deposited into accounts started to show signs of declining.