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Deputy Governor of the State Bank of Viet Nam

Credit growth target is within reach to contribute to boosting economic growth: SBV

Credit growth target is within reach to contribute to boosting economic growth: SBV

Another important factor is to increase the capital absorption capacity of enterprises which will require a combination of macro policies to favourable conditions for businesses, SBV''s Deputy Governor Đào Minh Tú said.
Social housing credit package to be made more preferential to increase disbursement

Social housing credit package to be made more preferential to increase disbursement

Statistics of the State Bank of Việt Nam’s Credit Department showed that to date, VNĐ1.344 trillion from the social housing credit package has been disbursed, 96.4 per cent of which was provided to project’s developers, while just a modest sum...
Central bank signals no rate hike, continues support policies this year

Central bank signals no rate hike, continues support policies this year

Forecasting that the economy would continue struggling this year, the central bank will consider extending Circular 02 on debt rescheduling to assist in difficulties in 2024.
SBV has not tightened credit into real estate: deputy governor

SBV has not tightened credit into real estate: deputy governor

Deputy Governor of the State Bank of Viet Nam Dao Minh Tu dismissed the recent rumours from some associations that the central bank has been squeezing loans for this sector.
Risky to invest in forex trading plaforms: Deputy Governor

Risky to invest in forex trading plaforms: Deputy Governor

Forex trading via investment platforms had not been licensed in Viet Nam, posing significant risks to investors.
Banks urged to diversify loan products, aiming to keep people away from black credit

Banks urged to diversify loan products, aiming to keep people away from black credit

Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources.
E-wallets owners must complete the identity verification before July 7

E-wallets owners must complete the identity verification before July 7

Deputy Governor of the State Bank of Viet Nam Dao Minh Tu has said July 7 is the deadline for e-wallet owners to complete the identity verification.
Central bank says small companies should be able to access bank loans

Central bank says small companies should be able to access bank loans

A conference meant to link up banks with companies in the Mekong Delta was held in Can Tho City on August as part of efforts to ease the difficulties small and medium-sized enterprises in the region have in accessing credit.
Banks need further administrative reforms: conference

Banks need further administrative reforms: conference

More administrative reform is needed in the banking industry to make it easier for businesses and individuals to get credit, experts told a conference in HCM City on May 16.
Credit growth rate estimated at 2.28 per cent in Q1

Credit growth rate estimated at 2.28 per cent in Q1

Total outstanding loans of the banking system rose 2.28 per cent as of March 25 and the total means of payment grew by 2.67 per cent compared to late 2018.
Credit growth of 14% a feasible target for 2019

Credit growth of 14% a feasible target for 2019

The country’s credit growth target of 14 per cent set for this year, the same rate as last year, was reasonable and achievable, economists said.
Banking sector works on funding for farmers

Banking sector works on funding for farmers

The banking sector needs more solutions providing bigger fund for the agriculture and the rural area for sustainable development in the future, according to experts.
VN banks actively applying 4.0 technologies

VN banks actively applying 4.0 technologies

Vietnamese banks have actively researched and invested in technologies of the fourth industrial revolution, spoke Nguyen Kim Anh, Deputy Governor of the State Bank of Viet Nam (SBV).
Viet Nam needs more ADB funding for private sector

Viet Nam needs more ADB funding for private sector

Viet Nam is persuading international financial institutions, including the Asian Development Bank (ADB), to expand their funding for the local private sector and reduce government guarantees for those activities, since Viet Nam is among the countries that will stop being...
Construction bank needs 1.9 billion to restructure operations

Construction bank needs $1.9 billion to restructure operations

Viet Nam Construction Joint Stock Commercial Bank (VNCB) needs VND40 trillion (US$1.9 billion) to restructure its operations, said Deputy Governor of the State Bank of Viet Nam Nguyen Phuoc Thanh.