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Foreign currency loans

Viet Nam enters home stretch in fight against dollarisation

Viet Nam enters home stretch in fight against dollarisation

From October 1 lenders including banks will not be allowed to provide medium- and long-term foreign currency loans to businesses to pay for imports. Many market observers said this is the State Bank of Viet Nam’s final step in its...
More steps to be taken to downsize foreign currency loans

More steps to be taken to downsize foreign currency loans

Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.
SBV allows banks to loan foreign cash

SBV allows banks to loan foreign cash

The State Bank of Viet Nam (SBV) announced on November 18 that it would allow credit institutions and foreign bank branches to continue issuing short-term foreign currency loans to some borrowers.  
Firms adapt to anti-dollar drive

Firms adapt to anti-dollar drive

Domestic firms have taken the first measures in an effort to adapt to the State Bank of Viet Nam (SBV)''s new regulation on tightening foreign currency credit.
Local banks set bar low for profits in 2016

Local banks set bar low for profits in 2016

Despite solid results last year, VPBank announced a modest profit target for this year at its recent annual general meeting — 3.2 trillion (US$143.5 million) or a year-on-year increase of just VND200 billion.
Banks take out intl loans to meet long-term needs

Banks take out int'l loans to meet long-term needs

Some commercial banks have recently taken international loans to meet their long-term capital demands.
Lending in foreign currency regulations

Lending in foreign currency regulations

The State Bank of Vietnam (SBV) has issued Circular No. 24/2015/TT-NHNN on providing foreign currency loans by credit institutions and foreign bank branches to residents.
Short-term foreign lending extended

Short-term foreign lending extended

The State Bank of Viet Nam (SBV) will extend short-term foreign currency lending to exporters and petrol importers by one year, in a move to support these businesses, said SBV Governor Nguyen Thi Hong.
Dollar soars as lending grows

Dollar soars as lending grows

The foreign exchange rate between Vietnamese dong and the US dollar rose to its highest level since June 30 yesterday, hitting VND21,380 to the dollar amid soaring demand from enterprises near the end of the year.
Govt to curtail currency lending

Gov't to curtail currency lending

Foreign currency lending is likely to end sooner than the Government''s original schedule because the central bank''s efforts to limit its use in the economy have proven effective, the Viet Nam Investment Review has reported, citing an unnamed source.
Lending over 4 months up 2.1%

Lending over 4 months up 2.1%

The outstanding loans given by commercial banks have increased 2.11 per cent since December, according to the State Bank of Viet Nam (SBV).