Credit institutions can immediately redeem sold corporate bonds

Credit institutions can immediately redeem sold corporate bonds

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
Flexible and timely supply of capital to businesses at the right time

Flexible and timely supply of capital to businesses at the right time

VCN - In this context, promoting credit injection into the economy is an issue of great concern to businesses and management agencies. However, to be able to promote credit, there needs to be solutions from both sides.
Supplement regulations on lending activities: Credit barriers or tighter risk control?

Supplement regulations on lending activities: Credit barriers or tighter risk control?

VCN - At the end of June, the State Bank of Vietnam (SBV) issued Circular No. 06/2023/TT-NHNN (Circular 06), amending and supplementing some provisions of Circular 39/2016/TT-NHNN dated December 30, 2016, which regulates lending activities of credit insti
Banks are cautious about profit target

Banks are cautious about profit target

VCN - In the second half of the year, the fact that the State Bank of Vietnam (SBV) continuously cut operating interest rates at the end of the second quarter of 2023 has helped banks' capital costs to be reduced sharply, credit growth has also increased,
Establishing a trend of decreasing interest rates for the market

Establishing a trend of decreasing interest rates for the market

VCN - The State Bank of Vietnam (SBV) has decided to further reduce some operating interest rates for the fourth time this year since June 19. This move is considered by experts to be strong and appropriate in the current context.
Deputy Governor of SBV: Interest rates are falling

Deputy Governor of SBV: Interest rates are falling

VCN - With the current movements and directions on reducing interest rates, Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha expressed his belief that the interest rate level will decrease soon.
SBV Governor explains high lending rates, credit room management

SBV Governor explains high lending rates, credit room management

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.
State Bank explains why lending interest rates are still high

State Bank explains why lending interest rates are still high

VCN - Information on the management of monetary policy and new interest rates announced by the State Bank of Vietnam said that, based on the management and direction of the State Bank, up to now, the interest rate level has been stable, new interest rates
Banks set a lot of "ambitions" with the goal of credit growth

Banks set a lot of "ambitions" with the goal of credit growth

VCN - After two times of lowering the operating interest rate from the management agency, the deposit interest rate has dropped quite sharply, helping to create the expectation that the lending interest rate will go down, thereby stimulating a credit incr
Solving the challenge of capital for businesses

Solving the challenge of capital for businesses

VCN- Regarding this issue, Pham Van Viet, Vice Chairman of HCM City Textile and Garment Embroidery Association, stated that businesses needed loans at the beginning of the year to operate.
Credit growth projected to reach 14-15% in 2023

Credit growth projected to reach 14-15% in 2023

The State Bank of Vietnam (SBV) has expected credit growth to hit 14-15% this year, leaving a possibility that it might adjust the orientation to suit the actual business situation and developments.
SBV works to mitigate potential risks for non-banking credit institutions

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

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.
Keeping the exchange rate stable to control inflation and lower interest rates

Keeping the exchange rate stable to control inflation and lower interest rates

VCN - In an interview with Customs News, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance, Academy of Finance, said that with the gradual reduction of inflation pressure, the world USD index in a downward trend will help the do
State Bank requires strict control of credit risk

State Bank requires strict control of credit risk

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.
Exchange rate is no longer a concern

Exchange rate is no longer a concern

VCN - According to the report on the socio-economic situation in 11 months of 2022 by the General Statistics Office, the USD index in November 2022 increased by 8.71% over the same period in 2021; average in 11 months of 2022 increased by 1.83% compared t
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