Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.
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.
Credit packages with preferential interest rates offered to small and medium enterprises (SMEs) in Ho Chi Minh City contributed largely to the city’s economic growth of 8.3 percent in 2018, heard a conference held in the city on April 18.
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.
Bank for Foreign Trade of Vietnam (Vietcombank) on October 24 secured approval to sell non-convertible bonds worth 2 trillion VND (89.3 million USD) at par value.
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).
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.
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.
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