Credit growth limits extended Videos

Credit growth limits extended

The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
Equity market draws back investors Business

Equity market draws back investors

Foreign investors are edging back into emerging markets like Vietnam on hopes the recent significant recovery of the equity market will reassure those hoping to capitalise on stronger economic growth in the emerging world.
Covid-19 severely impacts banking sector’s benefit growth Business

Covid-19 severely impacts banking sector’s benefit growth

According to the SSI Securities Corporation, if COVID-19 is controlled by the end of Q2, the banks' pre-tax profit will grow by 7.2 percent per year. However, if the epidemic ends at the end of the year instead, the growth will be 0.8 percent per year.
Central bank to keep monetary policy on hold through 2019 Business

Central bank to keep monetary policy on hold through 2019

The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25 percent and 4.25 percent, respectively, in addition to maintaining its 14 percent credit growth target for the remainder of 2019, experts forecast.
Government determined to fulfil set goals: PM Politics

Government determined to fulfil set goals: PM

Prime Minister Nguyen Xuan Phuc underscored the determination to accomplish all goals set for 2019, striving for a GDP growth of 6.8 percent and reining in inflation under 4 percent at the Government’s monthly meeting held in Hanoi on May 31.