Vietcombank’s bad debts lowest ever in 2020 Business

Vietcombank’s bad debts lowest ever in 2020

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) recorded a bad debt ratio of 0.6 percent last year, the lowest so far and in the sector, compared to 0.78 percent in 2019.
Da Nang’s economy hit hard by COVID-19 Business

Da Nang’s economy hit hard by COVID-19

Da Nang’s gross regional domestic product (GRDP) has been estimated to be down 9.77 percent this year to about 100 trillion VND compared to 2019 due to COVID-19, a press conference held on December 29 to announce the central city’s socio-economic figures for 2020 heard.
Credit growth forecast to hit 11 percent by year-end Business

Credit growth forecast to hit 11 percent by year-end

The banking industry's credit is projected to have expanded 11 percent for the year by the end of December, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu revealed at a press conference on December 24.
Credit growth limits extended Videos

Credit growth limits extended

The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
Central bank extends credit growth limits Business

Central bank extends credit growth limits

The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
Supporting business promotes economic growth Videos

Supporting business promotes economic growth

Business is the central component of any country’s sustainable growth targets. To post growth of roughly 2.5 percent this year, Vietnam’s banking sector has been busy introducing a range of measures to assist businesses.
Newly-established firms down, registered capital up in 10 months Business

Newly-established firms down, registered capital up in 10 months

Vietnam recorded nearly 111,200 new enterprises from January-October, a year-on-year decline of 2.9 percent, according to the General Statistics Office (GSO). The new entrants, however, have combined registered investment of more than 1,594 trillion VND (68.3 billion USD), up 11.1 percent against the same period last year.