Credit growth expanded 7.33 percent in H1 Business

Credit growth expanded 7.33 percent in H1

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.
SBV leader believes in healthier banking activities in coming time Business

SBV leader believes in healthier banking activities in coming time

Governor of the State Bank of Vietnam Le Minh Hung on November 17 continued taking part in lawmakers’ question-and-answer session, making clear issues relating to the baking system’s issues, including credit growth, debt rescheduling for storm victims, and credit institution restructuring.
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).
Business

State firms get ultimatum

The Government on July 9 officially promulgated a resolution asking State-owned groups and corporations to complete a capital withdrawal from non-core investments by 2015.
Business

State firms to lift budget contributions

The Ministry of Finance (MoF) recently unveiled a draft decree on capital and financial management requiring State-owned enterprises (SOEs) to remit around 50 percent of after-tax profits towards State budget.