COVID-19: SBV issues new document on rescheduling of debt payments Business

COVID-19: SBV issues new document on rescheduling of debt payments

The State Bank of Vietnam (SBV) on September 7 issued a circular amending and supplementing a number of articles of Circular No. 01/2020/TT-NHNN issued by the SBV Governor directing foreign credit institutions and bank branches to reschedule debt payments, waive and reduce borrowing interest and fees, and maintain the groups in order to support customers affected by the COVID-19 pandemic.
Eight-month credit in Hanoi rises 8.3 percent Business

Eight-month credit in Hanoi rises 8.3 percent

By the end of August, the total outstanding credit of the banking system in the capital city of Hanoi had reached 2.38 quadrillion VND (104 billion USD), an increase of 1 percent over the previous month and 8.3 percent compared to the same period last year.
Firms await new bank incentive policies Business

Firms await new bank incentive policies

The State Bank of Vietnam (SBV) is consulting on a draft circular for incentive policies to support firms with access to bank loans to overcome difficulties in the COVID-19 pandemic.