A new regulation on reducing the bank credit limit for large customers under the amended Law on Credit Institutions, will adversely affect both banks and large enterprises, experts said.
Commercial banks have been holding back on increasing their foreign room to wait for suitable strategic buyers in the future, said industry leaders and insiders.
Under the amended Law on Credit Institutions, effective from July 1, 2024, commercial banks in Việt Nam are required to reduce the ownership ratios of organisations, shareholders, and related parties.
The State Bank of Vietnam (SBV) has issued Document No 1509, asking commercial banks to raise credit limits for a number of fuel firms, particularly those who import extra fuel at the request of the Ministry of Industry and Trade...
The State Bank of Viet Nam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 per cent.
The central bank’s statistics showed loan payment deadlines were restructured for nearly 260,000 customers with outstanding loans worth nearly VND18 trillion.
The International Finance Corporation (IFC) announced it has increased trade finance limits for Vietnamese banks to improve their capacity to cover payment risks in granting trade financing to local companies affected by the outbreak of the novel coronavirus, known as...
Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits were putting pressure on commercial banks to issue bonds in the final months of the year.
The State Bank of Viet Nam recently made public, e-wallett daily transaction limits were set at VND20 million (US$850) for individuals and VND100 million for organisations
Some commercial banks expect to get high credit growth limits set by the central bank this year as they have so far met Basel II’s capital safety and risk management standards ahead of schedule.
The State Bank of Viet Nam (SBV) has said it would continue allocating credit growth limits for commercial bank this year to match the 14 per cent growth target set for the entire banking sector.
Increasing the limits of unsecured loans given by banks will prevent people from approaching loan sharks, an online conference hosted by the State Bank of Viet Nam (SBV) heard on Wednesday.
More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Viet Nam (SBV) recently.