Recovery underway, businesses need to accelerate credit

Recovery underway, businesses need to accelerate credit

VCN - According to Mr. Le Tien Truong, Chairman of the Vietnam Textile and Garment Group (Vinatex), market demand is gradually recovering, which helped increase textile and garment exports in Q1/2024 by over 10% compared to the same period last year.
With the recovery momentum returning, businesses need to speed up credit

With the recovery momentum returning, businesses need to speed up credit

In recent instructions, the monetary policy regulator continues to urge banks to implement practical and effective solutions to strive for system-wide credit growth
Open credit flow to support import and export

Open credit flow to support import and export

VCN - Weak demand, reduced orders, pressure from trade defense... thereby leading to a series of financial difficulties for import-export businesses. Therefore, the credit flow to support import and export needs to "flow" properly and meet the needs of bu
Mechanisms for bolstering "bolder" and more efficient credit flow

Mechanisms for bolstering "bolder" and more efficient credit flow

VCN - Banks are actively channeling credit towards the manufacturing and business sectors, always standing by to offer loans to enterprises. However, this endeavor requires additional conditions as well as coherent support from the broader economy to augm
Credit and access to credit: A problem for banks and businesses

Credit and access to credit: A problem for banks and businesses

VCN - Since the beginning of the year until now, the Prime Minister, the Government and the State Bank (SBV) have continuously issued instructions to promote credit, but the situation of banks having excess cash and businesses lacking capital is still a c
Good management of public debt creates room to implement expansionary fiscal policy

Good management of public debt creates room to implement expansionary fiscal policy

VCN - Public debt safety indicators continue to be strictly controlled in the safe limit. With a lower debt level than the current ceiling rate, and a favorable debt structure, Vietnam has a lot of room to implement expansionary fiscal policy to allocate
Effectively implement the State

Effectively implement the State's credit capital investments to attract borrowers

VCN - According to regulations, Vietnam Development Bank (VDB) is a policy bank operating under the model of a one-member limited liability company with 100% charter capital held by the State and for non-profit purposes.
Accumulating bad debt ratio put pressure on banks

Accumulating bad debt ratio put pressure on banks

VCN - According to the summary of 2023 business results of 28 listed banks, the total volume of bad debt by the end of 2023 has increased by more than 40% compared to 2022, to nearly 195,000 billion VND.
Capital flow "hits the target" for businesses to recover

Capital flow "hits the target" for businesses to recover

VCN - Most economic forecasts for 2024 continue to contain many "gray" tones, so one of the Government's orientations is to direct credit flows to production and business sectors, Priority areas and growth drivers. However, in order to stimulate credit fl
Credit growth is facing difficulties

Credit growth is facing difficulties

VCN - In 2023, the State Bank (SBV) will operate monetary policy flexibly, in accordance with the current state of the economy.
Credit growth is difficult to reach the target

Credit growth is difficult to reach the target

VCN - In the last months of 2023, low credit growth is a big problem for the banking industry, regulatory agencies and Government leaders.
Year-end credit growth problems

Year-end credit growth problems

VCN - Due to the modest credit growth results in nearly 11 months of 2023, the State Bank (SBV) has decided to redistribute the credit "pie" with the expectation that it will help banks proactively boost lending.
Credit growth is slow, many banks "suffered" loss of profit in the third quarter

Credit growth is slow, many banks "suffered" loss of profit in the third quarter

VCN - Fluctuations in the world and domestic economies are causing the third-quarter profits of many banks to decline. At the same time, banks also face difficulties when credit growth is low and bad debt increases.
To "get a good harvest and get a good price", coffee businesses need credit incentives

To "get a good harvest and get a good price", coffee businesses need credit incentives

VCN - According to the State Bank (SBV), in the Central Highlands region - the largest coffee basket in the country, outstanding coffee loans have increased by 7.06% compared to the end of 2022. This is a positive sign when coffee is one of our country's
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.
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