Ho Chi Minh City: 63% of outstanding loans with interest rates below 10%

Ho Chi Minh City: 63% of outstanding loans with interest rates below 10%

VCN - Interest rates on loans in HCMC have declined significantly, with 63% of outstanding loans bearing rates below 9.75%, according to the State Bank of Vietnam’s HCMC branch.
Banks

Banks' bad debt burden is getting "bigger"

VCN - Results from the financial statements of the first quarter of 2023 of 27 banks listed on the stock market showed that many banks increased their bad debt by 50-70%.
Sixteen banks reduced more than VND15,500 billion in lending interest rates

Sixteen banks reduced more than VND15,500 billion in lending interest rates

The total amount of accumulated reduced interest from July 15, 2021, to October 31, 2021, of sixteen banks is about VND15,559 billion, reaching 75.48% compared to the commitment.
Banks are generous in dividend disbursement

Banks are generous in dividend disbursement

The season of shareholders' general meeting (AGM) of banks has arrived, expected to be completed by the end of April.
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