Banks struggle to hit lending goal

Significant challenges remain for the banking industry to reach the annual credit growth target this year, despite certain improvement in lending situation, State Bank of Vietnam (SBV) officials have said.

Modest profits help banks regain optimism

Banks have reported profits for the third quarter of the year after two gloomy quarters. They now can breathe easily again, though the profits were modest. The Vietnam Net online newspaper reports.

City banks' non-performing loans still high

Non-performing loans (NPLs) accounted for 5.99 percent of the total loans of Ho Chi Minh City-based banks in the first nine months of this year, said Nguyen Hoang Minh, deputy director of the State Bank of Vietnam's Ho Chi Minh City branch.

Banks warned not to hide debt

The combined bad debts of BIDV, Vietcombank and Vietinbank reached more than 23.1 trillion VND (1.1 billion USD) in the first half of the year, according to the composite mid-year financial report of the three leading commercial banks.

Money supply rises 5.3 percent in five months

The country’s total money supply in the past five months of the year rose 5.3 percent against December last year to reach 3.899 trillion VND (181.34 million USD), according to the State bank of Vietnam.

The figure was also 3.88 percent higher than the same period last year.

Real estate value drops off in Q2

The value of the country's real estate currently on sale on the market at the end of June was roughly 108.77 trillion VND (5.06 billion USD), down 15.4 percent against the first quarter, said Deputy Minister of Construction Nguyen Tran Nam.

Lending, deposits rise in big cities

July's outstanding loans from Hanoi-based commercial banks reached roughly 669.717 trillion VND (31.5 billion USD), up 1.9 percent month-on-month, according to the municipal Statistics Department.

Lending stabilises, but bad debts rise

The total amount in outstanding loans that credit institutions in Hanoi have accumulated had reached nearly 664 trillion VND (31.6 billion USD) by the end of June.


Lending up 2.1 percent over 4 months

The outstanding loans given by commercial banks have increased 2.11 percent since December, according to the State Bank of Vietnam (SBV).

Foreign currency loans declined by 7.2 percent, but dong-denominated loans climbed 4.15 percent.
State Bank warns of further interest rate cuts Business

State Bank warns of further interest rate cuts

The State Bank of Viet Nam (SBV) will effect further interest rate cuts soon, Governor Nguyen Van Binh has said at a conference held to discuss monetary measures needed to boost socio-economic development in Ho Chi Minh City.