Consumer lending boosted ahead of Tet Business

Consumer lending boosted ahead of Tet

The competition to gain a larger share in the consumer finance market is heating up as rising capital demand before Tet (Lunar New Year) is an opportunity for both banks and finance companies.
Real estate transactions fall on tightened property loan control Business

Real estate transactions fall on tightened property loan control

As the State Bank of Vietnam has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in both Hanoi and Ho Chi Minh City in the first six months of the year, experts said at a recent meeting in Hanoi.
Real estate firms issue bonds to raise capital Business

Real estate firms issue bonds to raise capital

As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue shares to fund their business.
Banks battle it out in Tet loans market Business

Banks battle it out in Tet loans market

Commercial banks and financial companies are fiercely competing for a slice of the profitable personal loans market as demand often rises sharply at the end of the year.
Business

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.
Business

Foreign banks hold 11.25 percent market share

Foreign banks continue to affirm their important position in Vietnam and now hold assets valued at over 420 trillion VND (20 billion USD), or 11.25 percent of the entire finance sector.
Business

Interest rates war heats up

A number of commercial banks have joined in a rush to increase interest rates on dong deposits up to 13 percent per year, as well as offer incentives and bonus interest to attract new customers.