credit institutions

Allocating credit room, motivation for banks to compete

19:14 | 14/09/2024 Finance

The State Bank of Vietnam (SBV) has announced that it will allocate the credit growth limit (room) for banks that have achieved 80% of their target.

State capital management needs to take into account the specific nature of credit institutions

16:54 | 09/08/2024 Finance

VCN - At the Seminar to collect opinions on the draft Law on Management and Investment of State Capital in Enterprises, which continued to be held by the Ministry of Finance in coordination with the State Bank of Vietnam (SBV) on August 8, 2024, Mr. Le An

Banks are facing new challenges in 2024

13:28 | 30/01/2024 Finance

VCN - Currently, banks are gradually revealing their business results for the whole year 2023. Among them, with the "big four" group of state-owned commercial banks, despite the difficult economic context, the results are recorded positive.

Credit institutions can immediately redeem sold corporate bonds

13:55 | 04/01/2024 Finance

VCN - The State Bank of Vietnam (SBV) is gathering comments on the draft Circular amending and supplementing a number of articles of Circular No. 16/2021/TT-NHNN regulating credit institutions and foreign bank branches on buying and selling corporate bond

Strengthen supervision to boost the insurance market

13:43 | 19/11/2023 Finance

VCN - Given by stricter regulations for insurance business activities, Mr. Ngo Viet Trung, Director of the Department of Insurance Management and Supervision (Ministry of Finance), said that this will help the insurance market develop sustainably.

Concerned about handling weak banks, restructuring credit institutions still has many difficulties

10:32 | 01/11/2023 Finance

VCN - Currently, the State Bank is directing relevant parties to carry out the next steps to submit to the Government for approval the plan to restructure these banks according to the prescribed order and procedures.

Credit institutions expect positive demand for banking services

14:33 | 12/07/2023 Finance

Credit institutions forecast the demand for banking services will be buoyant in the remaining months of this year, of which credit growth will reach about 4.4% in the third quarter of 2023 and 12.5% for the whole year, according to a survey of the State Bank of Vietnam (SBV).

Difficult to achieve the target, aggressively deploying the two percent interest rate support package

09:37 | 02/06/2023 Import-Export

VCN - Commercial banks expect the amount of interest rate support in 2023 to be about VND 2,435 billion. However, according to a representative of the State Bank (SBV), the ability to achieve this target is difficult.

Credit institutions allowed to reschedule repayment terms

17:06 | 25/04/2023 Finance

Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.

SBV works to mitigate potential risks for non-banking credit institutions

14:42 | 13/02/2023 Finance

The State Bank of Vietnam (SBV) is collecting comments on its draft circular to minimise potential risks for non-banking credit institutions and ensure they work in accordance with international standards.

Banking profit growth in 2023 is forecast to decelerate

12:09 | 20/01/2023 Finance

In 2023, credit institutions are more cautious with the business situation, and many forecasts raise concerns that profit growth will decelerate.

State Bank requires strict control of credit risk

14:19 | 05/01/2023 Customs

VCN - According to preliminary statistics, about 20 credit institutions and foreign bank branches (CIs) have publicly announced credit programs and products with preferential interest rates.

Credit institutions and real estate businesses continue to repurchase bonds

10:40 | 24/11/2022 Finance

VCN - In the context that new corporate bond issuance activities have been almost frozen, the bond market has witnessed an increase in repurchase activities in October 2022, thereby significantly reducing the pressure from the bond outstanding that will h

Credit room has been eased, can enterprises solve the "thirst" for capital?

13:43 | 23/09/2022 Finance

VCN - In this credit limit adjustment, Sacombank was granted 4%, bringing the total credit growth limit for the whole year to 11%.

The banking sector continues to promote system restructuring and bad debt handling

15:58 | 17/08/2022 Finance

The financial potential of the entire credit institution system in Vietnam is still low, so the SBV has continued to issue an action plan on restructuring the system associated with bad debt settlement in 2021-2025.