The COVID-19 pandemic is weighing on the banking system’s non-performing loans (NPLs), requiring significant efforts to keep NPLs ratio below 3percent by the end of this year as targeted by the Government.
Together with State investment, capital from social policy credit has been one of the most important factors that help many people in the northern province of Vinh Phuc escape from poverty, stabilise their lives, and earn higher incomes in recent years, contributing to ensuring social welfare.
Vietnam’s largest bank Vietcombank will not lower lending standards in the post-pandemic stage to keep capital healthy in 2020, chairman Nghiem Xuan Thanh has said.
Domestic banks forecast that the lending interest rates would drop in line with the government’s policy to support production and business activities of enterprises.
The "Vietnam: Strengthening banking sector soundness and development" project is expected to help the State Bank of Vietnam to better anticipate and increase resilience to shocks.
Overdue debts and deferred debts accounted for only 0.78 percent of total outstanding debts of the Bank for Social Policies, which demonstrated the quality of credit and the trust-worthy process.
With the spirit of making breakthrough in 2019 and ready for future production, Deputy PM Vu Duc Dam said, the draft Resolution 02 persists in the goal of making Vietnam top 4 in ASEAN in 2021.
The State Bank of Vietnam (SBV) will rank credit institutions and foreign bank branches operating in the country in a move to ensure the safety of the banking system and protect legitimate rights of depositors.
The State Bank of Vietnam (SBV) has set the 2019 credit growth target equivalent to the previous year at about 14 percent, according to SBV Deputy Governor Nguyen Thi Hong.
More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.
Governor of the State Bank of Vietnam (SBV) Le Minh Hung shed some light on issues regarding collaboration among ministries and agencies in monitoring monetary, fiscal, and macro policies during the ongoing sixth session of the 14th National Assembly in Hanoi on October 29.
According to the General Statistics Office, as of September 20, the banking sector’s credit growth was 9.52 percent, much lower than the 11.02 percent rate recorded a year earlier.
The State Bank of Vietnam should consider developing a roadmap to remove regulations on credit growth limits and interest rate caps as it isn’t suitable due to the country’s achievements in stabilising the nation’s economy, according to experts.
The central bank on July 21 held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.
The State Bank of Vietnam (SBV) expects to submit to Prime Minister Nguyen Xuan Phuc a project to restructure credit institutions between 2016 and 2020 in Q3 of 2016.
Year 2015 was an important milestone in Vietnam’s international economic integration with two significant events: establishment of ASEAN Economic Community (AEC) and wrapping up of TPP negotiations.
Though there is no sign yet of the price "fever" that periodically marks the Vietnamese property market or a bubble, the market remains a hot topic for analysts and the media.
The State Bank of Vietnam (SBV) has suspended Chairman of the Ocean
Commercial Joint Stock Bank's Board of Directors Ha Van Tham for serious
violations of Vietnam's laws.
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