Forex lending to continue next year Business

Forex lending to continue next year

The State Bank of Vietnam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.
ADB, JICA jointly work to improve health security in Asia-Pacific World

ADB, JICA jointly work to improve health security in Asia-Pacific

The Asian Development Bank (ADB) on May 4 agreed to coordinate with the Japan International Cooperation Agency (JICA) to help Asia – Pacific countries better cope with epidemics and have access to quality and affordable medical services, Japanese Kyodo News Agency reported.
Banking sector to support firms Business

Banking sector to support firms

The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Vietnam.
Business

Loan limits raised for key hydro power project

The Governor of the State Bank of Vietnam (SBV) has approved proposals from three commercial banks to allow them to exceed their chartered capital by 15 percent on loans to the Huoi Quang hydro-power project in the mountainous northern province of Lai Chau.