Governor of the State Bank of Viet Nam Le Minh Hung has called on commercial banks to urgently simplify lending procedures to help COVID-19-affected firms easily access preferential interest rate loans.
The Government should help Vietnamese banks lure capital and experience from prestigious foreign banks so as to help local firms develop sustainably, experts said.
Governor of the State Bank of Viet Nam Le Minh Hung issued a document early this week to ask co-operation from local authorities in expanding credit, part of efforts to prevent loan sharking.
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).