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PM asks central bank to accelerate lending to businesses

PM asks central bank to accelerate lending to businesses

Prime Minister Phạm Minh Chính signed an official dispatch on Wednesday requesting the State Bank of Việt Nam to enhance credit management in the remaining months of this year to accelerate lending for production and business.
Bank lending in HCM City to remain on steady growth path: SBV

Bank lending in HCM City to remain on steady growth path: SBV

Bank credit growth has been steady in HCM City in recent months and will continue rising this year, according to the central bank.
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.
New policy stipulates special lending cases for credit institutions

New policy stipulates special lending cases for credit institutions

The regulation, under the SBV’s Circular 37/2024/TT-NHNN, stipulates SBV’s special lending cases for credit institutions.
Banks to shift to retail lending to gain credit growth

Banks to shift to retail lending to gain credit growth

Banks could increase the credit ratio of individual customers in the third and fourth quarters of 2024, as the risk of lending to the individual customer group is decreasing.
Mixed opinions on the increase in the lending rate for social housing buyers

Mixed opinions on the increase in the lending rate for social housing buyers

Việt Nam Bank for Social Policies has announced that the lending rate for social housing purchases and home repairs is increasing from 4.8 per cent to 6.6 per cent per year, applied on both existing and new loans.
Lending rate for social housing buyers proposed to be 3-5 percentage points lower

Lending rate for social housing buyers proposed to be 3-5 percentage points lower

The Ministry of Construction has agreed with the State Bank of Việt Nam’s proposal to offer preferential lending rates for homebuyers who borrow from the VNĐ120 trillion social housing credit package.
Big securities firms rule the margin lending market

Big securities firms rule the margin lending market

The margin lending market is heavily concentrated, with over 90 per cent of the total debt held by the top 25 securities firms.
Consumer lending faces challenges

Consumer lending faces challenges

It is a tough market but analysts believe that 2024 will open a new period of credit growth, including consumer credit.
Bank lending gathers pace in HCM City

Bank lending gathers pace in HCM City

After a slump, bank credit in HCM City has picked up again and is expected to keep rising for the rest of the year since demand for funds is usually high at year-end, the State Bank of Vietnam has said.
Consumer finance lending needs a separate law

Consumer finance lending needs a separate law

Experts have proposed the Government issue a separate law for the consumer finance lending, entitled the Financial Consumer Protection Law, to help the sector develop healthily and sustainably.
Central bank demands lending rate cuts, growth target to be met

Central bank demands lending rate cuts, growth target to be met

The central bank aims to cut lending rates by 1-2 per cent, with a focus on supporting economic recovery and growth drivers, emerging sectors, green transitions, circular economy and social housing.
Banks promote online lending services

Banks promote online lending services

Banks are strongly stepping up online lending services via digital channels.
Old loans must endure higher interest rates temporarily: SBV

Old loans must endure higher interest rates temporarily: SBV

While new loans have been issued at significantly lower rates, older loans, even for priority sectors such as mechanical engineering, must still bear high interest rates, especially during a period of economic difficulties. 
Bank lending on clear recovery path in HCM City

Bank lending on clear recovery path in HCM City

Total loans outstanding at banks in HCM City as of the end of March were worth over VNĐ3.57 quadrillion (US$142.57 billion), a 1.9 per cent increase from the previous month, and 9.45 per cent up year-on-year, according to the central...