The State Bank of Việt Nam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.
Among the banks, Maritime Commercial Joint Stock Bank (MSB) has received the highest credit growth quota of 13.5 per cent against 9.5 per cent in 2022.
The State Bank of Viet Nam (SBV)’s expansion of credit growth quotas for commercial banks has d favourable conditions for lenders to boost lending, contributing to supporting capital sources for individuals and firms to recover after the COVID-19 pandemic.
Many banks have increased their interest rates to attract more depositors after getting a credit growth quota expansion from the State Bank of Viet Nam (SBV).
The State Bank of Vietnam (SBV) has extended the credit growth limits for the third time this year to some commercial banks to meet rising capital demands at year-end.
Eurasian Economic Union (EAEU) countries pledged to provide a tariff quota of 10,000 tonnes of rice from Việt Nam next year under the Việt Nam-EAEU Free Trade Agreement.
Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Việt Nam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end...
Many rice exporters were surprised and claiming for shortcomings because the export quota of 400,000 tonnes of rice in April ended quickly just in three hours.