The State Bank of Việt Nam (SBV) is considering a plan to grant commercial banks the ability to extend debt repayment periods by up to one year for borrowers impacted by Typhoon Yagi.
Corporate demand for funds is expected to increase in the second half of the year, while concerns persist regarding debt repayment pressures, analysts said.
The State Bank of Việt Nam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.
Circular 02/2022/TT-NHNN, which allows commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors is proposed to extend to the end of 2024 instead of ending in June.
They are considering share issuance as a means to raise funds for debt restructuring and debt repayment. In addition to private offerings, the majority of these businesses aim to mobilise capital from existing shareholders.
The State Bank of Viet Nam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and...
Businesses in Dong Nai have called for reducing bank interest rates and restructuring debt repayment to enable them to resume operations now that the COVID-19 pandemic is basically under control.
The Viet Nam Banks Association (VNBA) has sent a petition to the State Bank of Việt Nam (SBV), asking the body to consider extending the rescheduling for debt repayment, to support individuals and enterprises affected by the COVID-19 pandemic.
The Vietnamese Ministry of Finance (MoF) on Thursday said Moody''s Investors Service’s decision to place Viet Nam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has...
The chairman of the Banking Training and Consultancy Institute (BTCI),
Le Mai Lan, has called on businesses to adapt to the changing
environment or risk being left behind.