Vietnam takes steps towards carbon credit market Business

Vietnam takes steps towards carbon credit market

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.
Banks ensure fuel firms have access to more credit Business

Banks ensure fuel firms have access to more credit

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).
Policy credit: A direct support tool for women to get rich Politics

Policy credit: A direct support tool for women to get rich

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.
 Bac Giang targets social policy credit growth at 7-10 percent in 2022 Society

Bac Giang targets social policy credit growth at 7-10 percent in 2022

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.
Economic recovery promotes credit growth Business

Economic recovery promotes credit growth

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.
Banking sector to focus credit on priority fields this year Business

Banking sector to focus credit on priority fields this year

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.
Vietnam needs to better sovereign credit ratings: ministry Business

Vietnam needs to better sovereign credit ratings: ministry

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.
Central bank focuses on improving credit quality Business

Central bank focuses on improving credit quality

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.