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Credit growth

High real estate credit growth raises concern

High real estate credit growth raises concern

State Bank of Vietnam (SBV)’s Governor Nguyễn Thị Hồng said real estate loans by the end of September this year were VNĐ3.15 quadrillion, up 9.15 per cent compared to the end of last year.
Abolishing credit rooms under consideration: central bank

Abolishing credit rooms under consideration: central bank

Financial reports showed that as of the end of June, 10 banks posted credit growth rates of below 5 per cent over the end of the previous year.
State bank urges credit growth, consumer lending

State bank urges credit growth, consumer lending

Banks and credit institutions should implement safe and effective credit growth solutions to enable spending and boost consumption.
Central bank confident about credit growth this year

Central bank confident about credit growth this year

The State Bank of Việt Nam is confident about reaching this year''s credit growth target, as lending is expected to accelerate in the remaining months on the recovery of production and business, Deputy Governor of the State Bank of Việt...
Credit growth target is within reach to contribute to boosting economic growth: SBV

Credit growth target is within reach to contribute to boosting economic growth: SBV

Another important factor is to increase the capital absorption capacity of enterprises which will require a combination of macro policies to favourable conditions for businesses, SBV''s Deputy Governor Đào Minh Tú said.
Realty market warms up, boosting bank credit growth

Realty market warms up, boosting bank credit growth

According to statistics from the State Bank of Vietnam (SBV)’s HCM City branch, real estate credit in the city has maintained a positive growth rate in the past three months. Specifically, March saw an increase of 0.96 per cent and...
Low interest rates for home loans to boost credit growth

Low interest rates for home loans to boost credit growth

Preferential and special offer interest rates are expected to boost credit growth.
Credit growth soars in June

Credit growth soars in June

The State Bank of Việt Nam said that credit tends to increase faster in the second half of the year. If the growth rate is maintained, the credit growth target set at 15 per cent for the full year might...
Credit growth is bright spot for banking

Credit growth is bright spot for banking

The State Bank of Việt Nam (SBV) on Wednesday organised a sector-wide online conference on promoting bank credit growth this year.
Credit growth remains far from government target

Credit growth remains far from government target

The Government has set a credit growth target of 5 per cent for the first six months of 2024 and 15 per cent for the whole year.
Credit growth quota policy needs to ensure safety of banking system

Credit growth quota policy needs to ensure safety of banking system

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.
Credit growth declines by 0.6% in first month of 2024

Credit growth declines by 0.6% in first month of 2024

To boost credit growth, instead of only allocating a part of credit growth quota for banks at the beginning of the year as previously, the SBV this year has assigned the entire credit growth target of 15 per cent for...
Slower credit and non-performing loans have banks setting modest targets in 2024

Slower credit and non-performing loans have banks setting modest targets in 2024

In 2023, the country''s largest commercial banks reported nearly US$25 billion in profit. Despite the positive figure, banks were reported to have scaled back on their growth targets this year, citing cautious approaches and higher loss provisions setup compared to...
Central bank pushes others to boost lending from start of New Year

Central bank pushes others to boost lending from start of New Year

The State Bank of Vietnam has issued a directive urging credit institutions to accelerate credit growth from the early months of 2024, a pivotal step toward propelling economic growth.
Credit offers on the rise nearing Tết

Credit offers on the rise nearing Tết

In the last month, major banks including Vietcombank, ACB, TPBank, SHB and BIDV, as well as other consumer finance companies have been rolling out offers with incentives to individual customers.