Business

Government allays property bubble fears

The pick-up of the property market has triggered bubble fears, but State management agencies said the market would be closely watched to prevent it from happening again.
State Bank of Vietnam lifts lending ceiling Business

State Bank of Vietnam lifts lending ceiling

The State Bank of Vietnam (SBV) has allowed some lenders to raise their credit growth ceiling this year in a move to boost economic growth, according to Thoi bao Ngan hang (Banking Times).
Society

Over 1.1 mln access social policy loans

The Vietnam Bank for Social Policy (VBSP) provided preferential loans totalling 23.8 trillion VND (1.1 billion USD) for 1.1 million clients in the first six months of this year.
State Bank takes over GP Bank Business

State Bank takes over GP Bank

The State Bank of Vietnam (SBV) took over Global Petrol Bank on July 7, after the bank failed to meet a deadline to have secured legal capital requirements.
Credit grows by 6.09 percent in first half of 2015 Business

Credit grows by 6.09 percent in first half of 2015

Vietnam recorded a credit growth rate of 6.09 percent by June 18 compared to the end of 2014 and 18.98 percent from the same period last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.
Banks need more funds for non-performing loans Business

Banks need more funds for non-performing loans

Banks will need more provisional funds to support the risk of non-performing loans (NPLs) in accordance with national requirements for controlling bad debts, reported Dau tu (Vietnam Investment Review) online.
Business

HCM City creditors see Q1 loan growth

Total outstanding loans of credit institutions in Ho Chi Minh City grew 4.14 percent in this year's first four months, with 80 percent of the lending extended for production and business activities.
Business

Vietinbank, PG Bank to merge in Q3

The Vietnam Bank for Industry and Trade (Vietinbank) will merge with Petrolimex Group Commercial Joint Stock Bank (PG Bank) in the third quarter of this year, said Nguyen Van Thang, Chairman of Vietinbank's Board of Directors, at the bank's Annual Shareholders' Meeting.
BIDV plays a growing role in Laos Business

BIDV plays a growing role in Laos

The Bank for the Investment and Development of Vietnam (BIDV) has successfully invested abroad, particularly in Laos, according to a leader of the bank.
HDBank to raise total asset value by 21.5 pct Business

HDBank to raise total asset value by 21.5 pct

The Ho Chi Minh City Development Joint Stock Bank (HDBank) plans to increase its total asset value from the current 99.525 trillion VND (nearly 4.62 billion USD) to 120.882 trillion VND (5.61 billion USD) this year.
Business

VAMC to adjust NPL interest rate

The Vietnam Asset Management Company (VAMC) intends to cut the applicable interest rate for purchased non-performing loans (NPLs) in US dollars from 4.5 percent per annum to 4.3 percent.
Vietnam-Russia bank eye dong-rouble channel Business

Vietnam-Russia bank eye dong-rouble channel

The Bank for Investment and Development of Vietnam on April 7 signed a memorandum of understanding with the Bank for Foreign Trade of Russia to enhance the role and capacity, including financial, of their joint venture, Vietnam-Russia Bank (VRB).