Expanded credit growth quota supports firms in recovery Business

Expanded credit growth quota supports firms in recovery

The State Bank of Vietnam (SBV)’s expansion of credit growth quotas for commercial banks has created favourable conditions for lenders to boost lending, contributing to supporting capital sources for individuals and firms to recover after the COVID-19 pandemic.
Credit growth expected to recover in new normal Business

Credit growth expected to recover in new normal

Deputy Governor of the State Bank of Vietnam Dao Minh Tu said that favourable conditions will be created to facilitate businesses’ access to loans, but credit quality still needs to be guaranteed and bad debt needs to be controlled in the short, medium, and long terms.
Vietcombank completes 98 percent of yearly credit plan Business

Vietcombank completes 98 percent of yearly credit plan

By the end of the third quarter, the credit of the Foreign Trade Joint-stock Bank (Vietcombank) was 923,385 billion VND (40.550 million USD), an increase of 11.5 percent over the whole of 2020 and representing 98 percent of this year’s plan, according to the lender.