Monday, November 19, 2018 - 18:46:15

credit growth

Finance companies slow credit growth

Business

Finance companies slow credit growth

Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.

Tightened monetary policy forecast for Q4 2018

Business

Tightened monetary policy forecast for Q4 2018

The State Bank of Vietnam (SBV) will likely continue its tightened monetary policy in the remaining months of the year after its decision to strictly control lending to high risk sectors in the third quarter didn’t adversely affect the country’s economic growth, according to experts.

Bad debt ratio among banks drops sharply to 6.7 percent

Business

Bad debt ratio among banks drops sharply to 6.7 percent

Vietnam’s finance and banking sector has reduced its ratio of non-performing loans (NPLs) – including both NPLs owned by credit institutions and the Vietnam Asset Management Company – from 17.2 percent in 2012 to 6.7 percent at the end of June 2018.

Vietnam keeps up strong growth in first half: ADB

Business

Vietnam keeps up strong growth in first half: ADB

The Vietnamese economy continued its strong performance in the first half of 2018, although external and domestic challenges could affect the country’s growth outlook for this year and next year, the Asian Development Bank (ADB) said in a new report.

Philippines' external debt strongly drops

ASEAN

Philippines' external debt strongly drops

The Philippines' outstanding external debt stood at 72.2 billion USD by the end of June 2018, down by 997 million USD or 1.4 percent from the end of March 2018, the country’s central bank has announced.