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Banks to tighten credit in risky sectors in remaining months of this year

Banks to tighten credit in risky sectors in remaining months of this year

Banks would continue to tighten lending in risky sectors including securities, real estate, financial and tourism business, seeing higher credit risks in the remaining months of this year.
Credit institutions asked to tighten loans in overheating sectors: SBV

Credit institutions asked to tighten loans in “overheating” sectors: SBV

The State Bank of Vietnam has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer and the consumption sector.
Foreign banks confident and committed to VNs economy

Foreign banks confident and committed to VN's economy

International Finance Corporation (IFC) announced yesterday they have granted a US$70 million loan to Vietnamese Indo Trans Logistics Corporation (ITL Corp). 
Total assets of banks in Viet Nam stand at 522 billion

Total assets of banks in Viet Nam stand at $522 billion

Total assets of credit institutions and foreign banks in Viet Nam by the end of the first quarter of this year inched down to VND12.48 quadrillion (US$521.76 billion) compared with the end of last year.
Expand credit to prevent usury, central bank asks

Expand credit to prevent usury, central bank asks

The State Bank of Viet Nam has asked domestic credit institutions and foreign banks’ branches to expand credit for business, production and consumption as an effort to prevent usury.
Firms advised to use derivative tools to minimise forex risks

Firms advised to use derivative tools to minimise forex risks

Experts suggested firms use more derivative instruments to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.
Credit institutions expect improvemed business results

Credit institutions expect improvemed business results

Under the business sentiment survey conducted in June, which covered all domestic and foreign banks in the country, many banks also expect an upward trend in their business for the whole of 2019.
Credit institutions warned about P2P lending

Credit institutions warned about P2P lending

In a document sent to lenders this week, the SBV said the fourth Industrial Revolution has promoted the development of many new products and services, including P2P lending, which directly connects borrowers with lenders.
High profits lead to stiff competition in credit card market

High profits lead to stiff competition in credit card market

Both domestic and foreign banks are offering preferential programmes to lure more credit card holders to compete for a larger market and a piece of the high profits generated by the credit card segment.
Govt urged to help local banks lure foreign capital

Gov’t urged to help local banks lure foreign capital

The Government should help Vietnamese banks lure capital and experience from prestigious foreign banks so as to help local firms develop sustainably, experts said.
Total assets of banks in Viet Nam hit more than 472 billion

Total assets of banks in Viet Nam hit more than $472 billion

Total assets of credit institutions and foreign banks in Viet Nam by the end of last year surged by 10.62 per cent against the beginning of the year to more than VND11 quadrillion (US$472.1 billion).
Higher foreign ownership imperative, say banks

Higher foreign ownership imperative, say banks

Last August Prime Minister Nguyen Xuan Phuc issued Decision No.986/QD-TTg on the Development Strategy of the Banking Sector.
SBV to change reserve requirement policy

SBV to change reserve requirement policy

The State Bank of Viet Nam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks'' branches for the first time since 2011.
Credit institutions urged to resolve bad debts

Credit institutions urged to resolve bad debts

Governor of the State Bank of Viet Nam Le Minh Hung has urged credit institutions and foreign banks’ branches to further speed up the settlement of non-performing loans (NPLs).
Govt aims to encourage MA in banking sector

Gov’t aims to encourage MA in banking sector

The Government plans not to license any more wholly foreign-owned banks in Viet Nam, instead encouraging foreign banks to buy weak domestic banks, Deputy Prime Minister Vuong Dinh Hue said.