Banks with the problem of promoting credit growth

Banks with the problem of promoting credit growth

It is estimated that by the end of June 2024, the economy's credit growth will reach nearly 4.5%. This number is still far from the yearly credit growth target of 14-15%.
The "compass" for policy credit

The "compass" for policy credit

VCN - Directive No. 40-CT/TW issued on November 22, 2014, by the Central Committee of the 11th Party Congress, focusing on enhancing the Party's leadership over social policy credit, is recognized as a sound policy by both the Party and the State, becomin
Interest rate fluctuations in the world affect Vietnam

Interest rate fluctuations in the world affect Vietnam's exports

The recent interest rate cuts by the European Central Bank (ECB) and the Bank of Canada (BoC) are important moves that signal a broader trend of monetary easing among major central banks.
The outlook for maturing real estate corporate bonds might be more positive in 2024 compared to 2023

The outlook for maturing real estate corporate bonds might be more positive in 2024 compared to 2023

VCN - Customs News interviewed financial expert Nguyen Tri Hieu (Photo).
Digitizing the process, banks actively lend online

Digitizing the process, banks actively lend online

VCN - Many banks promote online lending to save time and costs for both parties and creating conditions to promote credit growth.
Ensuring balance of capital sources and deposit interest rates amidst rising credit trend

Ensuring balance of capital sources and deposit interest rates amidst rising credit trend

VCN - Since early May, many banks have continued to increase deposit interest rates to ensure a balance of capital sources in the context of a rapid increase in credit.
How did many banks

How did many banks' profits surge in Q1 2024?

The business results for Q1 2024 of commercial banks showed positive growth, with some banks experiencing up to 165% growth.
Shareholders expect the shareholder meeting season

Shareholders expect the shareholder meeting season

From mid-March to April this year, many banks have planned to organize their annual general meetings of shareholders (AGM).
Banks reduce revenue from insurance services

Banks reduce revenue from insurance services

In 2023, a series of negative incidents related to insurance sales resulted in a drop of revenue from cross-selling insurance of many banks.
Customs strives to expand utilities in e-tax payment

Customs strives to expand utilities in e-tax payment

VCN - To expand state budget payment methods to increase utilities in e-tax payment, the General Department of Customs has developed and collected comments on the draft Circular guiding electronic transactions in guaranty of revenue of tax, late payment i
The Breakthrough of non-cash payments in the public sector

The Breakthrough of non-cash payments in the public sector

VCN - Based on completing legal corridor and constantly investing in modern infrastructure, non-cash payments in the public sector have had impressive growth, bringing outstanding benefits to all participating parties, from people, businesses to state man
Credit quality suffer from objective factors declining bad debt handling effectiveness

Credit quality suffer from objective factors declining bad debt handling effectiveness

VCN - According to the Government's report, as of the end of July 2023, the on-balance sheet bad debt ratio was 3.56%, higher than 2% at the end of 2022.
Banks join in promoting green credit

Banks join in promoting green credit

Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
Is the non-interest income to be a "salvage" for bank profits?

Is the non-interest income to be a "salvage" for bank profits?

The context of slowing growth, thinning profit margins (NIM) has caused banks' main revenue to decrease in the first six months of 2023. Therefore, for many banks, non-interest income is a "salvation" so that profits do not fall too deeply.
Big 4" banks sharply lower deposit interest rates, loan interest rates may further decrease

Big 4" banks sharply lower deposit interest rates, loan interest rates may further decrease

VCN - Accordingly, right from today (August 23), BIDV lowered the deposit interest rate for 1-month and 3-month term deposits by 0.3% to 3-3.8 percent/year.
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