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HCM City banks

HCM City banks credit growth on steady upward path

HCM City banks’ credit growth on steady upward path

Total loans outstanding at credit institutions in HCM City were worth nearly VNĐ3.36 quadrillion (US$137.7 billion) as of September 30, a 0.72 per cent increase from the previous month, according to the State Bank of Vietnam.
1st quarter lending grows at double the rate as deposits in HCM City

1st quarter lending grows at double the rate as deposits in HCM City

Loans outstanding at HCM City banks have risen by 1.7 per cent for the year in the first quarter but deposits by only 0.8 per cent, according to the State Bank of Viet Nam (SBV).
City banks set bar high for 2016 performance

City banks set bar high for 2016 performance

HCM City-based banks have set themselves ambitious targets for 2016, including credit growth of 16-18 per cent.They city also expect to increase deposits by 17-19 per cent and decrease bad debts to below 3 per cent.
Analysts split on interest rate cap

Analysts split on interest rate cap

Many HCM City banks want the central bank to abolish the interest cap for deposits of up to six months, considering it a "hurdle" to their deposit mobilisation efforts.
City receives flood of remittances

City receives flood of remittances

Inward remittances via HCM City banks topped US$3.7 billion in the first 10 months of the year, and are expected to reach $4.8 billion this year, according to the State Bank of Viet Nam''s HCM City branch.
HCM City banks set to offload bad debts

HCM City banks set to offload bad debts

Banks in HCM City are expected to sell about $285.7 million worth of bad loans to the Viet Nam Asset Management Company by the end of the year, according to State Bank official Nguyen Van Dung.