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lenders

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...
Central bank takes no responsibility for black lending

Central bank takes no responsibility for 'black' lending

Some online lenders that offer very high interest rates are in fact a form of ‘black’ credit and the State Bank of Viet Nam is not responsible for management over such activities.
Banks try to cut loan rates but seek Govt help

Banks try to cut loan rates but seek Gov't help

Over a month after the State Bank of Viet Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.
Deposit rate cut has little effect

Deposit rate cut has little effect

Le Ngoc Huong of HCM City''s Tan Binh District has decided not to pull out her deposit of VND1 billion from a bank though the interest rate has fallen from 5.6 per cent to 5.1 per cent.
Banks more confident about 2014 business prospects

Banks more confident about 2014 business prospects

Banks were more confident about their business prospects this year, the State Bank of Viet Nam announced on Monday, disclosing results of its recent survey.
Lenders still optimistic for fourth quarter

Lenders still optimistic for fourth quarter

Credit institutions were expecting brighter business prospects in the fourth quarter, the State Bank of Viet Nam (SBV) announced on Tuesday.
Non-performing loans total 6b in July

Non-performing loans total $6b in July

Non-performing loans totalled VND138.98 trillion (US$6 billion) by the end of July, accounting for 4.58 per cent of commercial banks'' total loans, according to the latest data from the State Bank of Viet Nam.
Lax consumer lending causes SBV to issue bank warning

Lax consumer lending causes SBV to issue bank warning

The State Bank of Viet Nam (SBV) has warned commercial banks to closely monitor and inspect consumer loans as many lenders have loosened their lending conditions, causing concerns about rising bad debt.