In 2021, corporate bond yields were at their lowest level in history at just 7.86 percent a year. The interest rate may have created a bottom and will support corporate bond yields inching up in 2022.
Vietnam’s carbon market is expected to thrive in the near future, given that the country has large forest reserves and many corporations stand ready to pour billions of US dollar to purchase forest carbon credits from Vietnam.
The State Bank of Vietnam (SBV) has issued Document No 1509, asking commercial banks to raise credit limits for a number of fuel firms, particularly those who import extra fuel at the request of the Ministry of Industry and Trade (MoIT).
The State Bank of Vietnam (SBV) has proposed to continually handle bad debts of credit institutions based on the provisions of pilot Resolution 42/2017/QH14 until 2025 instead of this year.
There is still ample room for domestic credit card (DCC) growth since the number of DCC holders is relatively low in Vietnam, according to experts at a recent seminar on DCCs.
Credit growth momentum is forecast to be more positive this year than in 2021 due to the State Bank of Vietnam (SBV)’s flexible management policy. The focus is to control inflation, while keeping the macro-economy stable to underpin and support economic growth.
Supporting women in economic development as a direct tool to address gender inequality is the point of view and the goal that the Bank for Social Policies and the Vietnam Women's Union are aiming for through the implementation of social policy credit programmes over the years.
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.
Loans of pandemic-hit enterprises will enjoy an interest rate cut of 2 per cent under a government support package to remove difficulties for the businesses.
Based on optimism about the prospect of economic recovery, many banks are aiming to achieve growth of 20-30% this year, relying mainly on retail, personal and real estate lending.
Banks have been increasing the attraction of deposits to have enough capital for the credit needs of customers. Credit demand is expected to increase from the first quarter of this year.
Credit growth is projected to be 5.3 percent in the first quarter of 2022 and 14.1 percent this year, according to a survey of lenders conducted by the State Bank of Vietnam (SBV) last December.
The State Bank of Vietnam (SBV) has urged lenders to not relax credit approval conditions but set tighter control on foreign currency lending and granting loans in high-risk sectors.
The banking sector plays the key role in maintaining the macro-economic stability and other major balances of the economy, stated Prime Minister Pham Minh Chinh at a New Year meeting with leaders and staff of the State Bank of Vietnam (SBV) on February 8.
This year, the banking sector will focus on providing maximum support for enterprises to resume production while pouring cash flow into priority fields in line with the Government’s direction, Dao Minh Tu, Deputy Governor of the State Bank of Vietnam (SBV) has said.
The Ministry of Finance has coordinated with relevant agencies to complete a report on the development the National Credit Rating Improvement Project for the 2021-2030 period to submit to the Prime Minister for approval.
Vietnam is the only country in the Association of Southeast Asian Nations (ASEAN) in the ‘BB’ rating category to gain positive rating momentum in 2021 and this is a reflection of the country's economic strength and resilience.
As Vietnam has become a middle-income country and will gradually depend more on foreign commercial loans, the improvement of the sovereign credit ratings will help the Government, businesses, and financial and credit institutions be more cost-effective when mobilising loans or issuing bonds to international capital markets, according to the Ministry of Finance.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has issued Directive No.01/CT-NHNN on organising the implementation of the key tasks of the banking sector, with a focus on improving credit quality and tightly controlling loans to potentially risky industries.
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