Bank lending rates expected to fall in 2020 Business

Bank lending rates expected to fall in 2020

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
Over 4,000 houses built with social policy credit Society

Over 4,000 houses built with social policy credit

Social policy credit helped to build more than 4,000 houses, along with over 1.2 million safe water supply and sanitation facilities in rural areas in 2019, according to the Vietnam Bank for Social Policies (VBSP).
Consumer lending boosted ahead of Tet Business

Consumer lending boosted ahead of Tet

The competition to gain a larger share in the consumer finance market is heating up as rising capital demand before Tet (Lunar New Year) is an opportunity for both banks and finance companies.
Credit growth exceeds 13 percent in 2019 Business

Credit growth exceeds 13 percent in 2019

Credit grew over 13 percent in 2019, slightly below the yearly targetof 14 percent, a senior official from the State Bank of Vietnam (SBV) told a recent press conference.
Small banks struggle to meet Basel II deadline Business

Small banks struggle to meet Basel II deadline

Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.
Indonesia lowers 2019 credit growth target World

Indonesia lowers 2019 credit growth target

The Indonesian Financial Services Authority (FSA) has revised the credit growth in 2019 down to the range 8-10 percent from the range of 12-14 percent it forecast in the middle of the year.
Central bank warns of NPLs from transport projects Business

Central bank warns of NPLs from transport projects

The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.
Banks report higher profits Business

Banks report higher profits

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.
Banks forecast strong performance despite credit slowdown Business

Banks forecast strong performance despite credit slowdown

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week.