Under a document issued late last week, the SBV has required the institutions to simplify administrative procedures, shorten the time needed to approve loans, and...
Since the beginning of March 2023, commercial banks have reduced deposit interest rates which have been contrary to forecasts made by many domestic and foreign...
Commercial banks have agreed to lower deposit interest rates by about 0.5 percent starting from March 6, while State-owned banks will only reduce their rates by 0.2...
The Ministry of Construction has proposed the Government arrange a credit package worth around VNĐ110 trillion ($4.6 billion), but later retracted the package proposal,...
Along with the cooling trend of deposit rates, some banks have announced credit packages to support lending rates.
This week, the State Bank of Vietnam (SBV) said it would crack down on the activity, noting that credit institutions will have to take full responsibility before the law...
The banking sector in Vietnam has recently been asked by the Prime Minister, Pham Minh Chinh, to evaluate and revise relevant regulations to support the expansion of the...
Real estate enterprises will continue to face headwinds in 2023 due to challenges related to accessing loans, issuing corporate bonds and mobilising capital, experts...
Experts predict that Vietnam's interest rate will remain high in 2023, raising concerns about the availability of financing for enterprises in the absence of aggressive...
Bank loans have been made available only to projects with adequate legal dossiers and plausible profit prospects.
Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand...
Up to now, 12 banks have committed to reducing interest rates from 0.5-3% per year with an amount of more than VND 3,300 billion to support businesses and people.
Amid rising non-performing loans (NPLs), many banks have strongly increased their loan-loss reserve (LLR) funds to readily face uncertainties in the future.
Due to tighter restrictions on corporate bond issuance and credit exposure to real estate, rising mortgage rates, and a decline in new supply, Vietnam's real estate...
It is expected to reach $10 billion by the end of November, a record milestone for Vietnam’s seafood industry after more than 20 years of participating in the world...
While many businesses have a high demand for capital at the end of the year for business loans, workers’ salary payments, and bonuses, banks are not allowed to extend...
After the support package of VND 30,000 billion (US$ 1,268,077,766) for social housing loans ended in 2016, the State Bank implemented social housing loans with...
If the State Bank of Vietnam (SBV) waits until the fourth quarter of 2022 to provide additional credit quotas to banks, it will be too late in comparison to the current...
The real estate industry has been very beneficial to the Vietnamese economy. It is critical to implement an acceptable credit policy rather than halting loans for this...
Although Decree 31/2022/ND-CP of the State Government offers support to businesses, cooperatives, and business householders at 2 percent interest rate when borrowing...
Many banks have so far not only closed their doors to real estate development borrowers but also restricted loans to home buyers.
According to Dr. Nguyen Quoc Hung, General Secretary of the Vietnam Bankers Association (VNBA), 70% of collateral for loans at banks is real estate, if this market...
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