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
Lending interest rate decrease keeps slow peace with deposit interest rates

Lending interest rate decrease keeps slow peace with deposit interest rates

VCN - Despite sluggish fall compared to deposit interest rates, lending interest rates are predicted to witness the ongoing downtrend in the near future. Banks also tend to compete with each other to attract borrowers, facilitating businesses and people t
Deposit interest rates anchored at low levels

Deposit interest rates anchored at low levels

Going against the usual rule of gradual increases in the last months of a year, deposit interest rates in most banks are anchored at low levels, and even some continue to decrease.
Financial management - accounting via digital platforms

Financial management - accounting via digital platforms

VCN - Amid current difficulties in accessing capital, the standardization and digital transformation of accounting activities, financial statements, etc. is considered an effective solution for small and micro enterprises.
Vietnam to speed up projects to make effective use of JICA loans

Vietnam to speed up projects to make effective use of JICA loans

VCN - This is confirmed by Minister of Finance Ho Duc Phuoc at the meeting with Executive Senior Vice President of the Japan International Cooperation Agency (JICA) Yamada Junichi on August 2.
Banks cut rates for new loans amid low capital demand

Banks cut rates for new loans amid low capital demand

Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply.
Enterprises’ worry is being in the debt group for banks

Enterprises’ worry is being in the debt group for banks

Many domestic enterprises are facing the situation of not being able to repay bank loans despite being supported with restructuring
Deputy PM urges hastened procedures for cancelled IDA loans

Deputy PM urges hastened procedures for cancelled IDA loans

Deputy Prime Minister Tran Luu Quang has signed a dispatch on the cancellation of World Bank (WB) loans due to the unusability, and the re-allocation and use of the cancelled International Development Association (IDA) loans in the 2022 - 2023 fiscal year.
Banks push "cheap" capital for loans at the end of the year

Banks push "cheap" capital for loans at the end of the year

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.
Banks bad debt tends to increase

Banks bad debt tends to increase

The financial statements of the second quarter and the first six months of 2022 from many banks have revealed not very positive developments in credit quality
Banks more cautious with home loans | Business

Banks more cautious with home loans | Business

Many banks have so far not only closed their doors to real estate development borrowers but also restricted loans to home buyers.
Promoting cooperation between the Ministry of Finance of Vietnam and IFAD

Promoting cooperation between the Ministry of Finance of Vietnam and IFAD

Deputy Minister of Finance Ta Anh Tuan had a meeting with the delegation of the International Fund for Agricultural Development (IFAD).
Public Debt Management Program 2022-2024 and Loan and Public debt payment plan in 2022 approved

Public Debt Management Program 2022-2024 and Loan and Public debt payment plan in 2022 approved

Deputy Prime Minister Le Minh Khai signed Decision 448/QĐ-TTg approving the Public Debt Management Program for 2022-2024 and Loan and the Public debt payment plan in 2022.
Việt Nam to have a regulation on offshore loans

Việt Nam to have a regulation on offshore loans

The State Bank of Việt Nam (SBV) is collecting opinions from organisations and individuals on the Prime Minister's draft decision on offshore loans and guarantees for non-residents of economic organisations.
Demand for loans increases, banks increase "quality" for credit "room"

Demand for loans increases, banks increase "quality" for credit "room"

VCN - The demand for capital from the economy increased again, helping to increase credit in the first two months of 2022. This is expected to help businesses quickly restore production.
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