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Mixed trends of using short-term capital for medium- and long-term loans among bank groups

Mixed trends of using short-term capital for medium- and long-term loans among bank groups

As SBV regulations cap this ratio at 30 per cent, the group of joint stock commercial banks has been under great pressure to restructure their capital sources and outstanding loans to meet the SBV’s prescribed ratio.
New policy on tightening use of short-term capital for long-term loans takes effect

New policy on tightening use of short-term capital for long-term loans takes effect

As stipulated in Circular 08/2020/TT-NHNN, both Vietnamese banks and foreign bank branches in Việt Nam are required to reduce the maximum ratio of short-term capital for medium and long-term loans to 30 per cent as of October 1, 2023.
Higher funding costs to have limited impact on Vietnamese banks

Higher funding costs to have limited impact on Vietnamese banks

Commercial banks should be able to pass some of the additional cost on to borrowers, limiting the impact on net interest margins (NIM), according to Fitch Ratings.
Banking, real estate not ideal options for short-term investors

Banking, real estate not ideal options for short-term investors

By the end of this year, oil and gas, transportation, insurance, retail, and hyower sectors will see positive signals, while the banking and real estate sectors are not ideal options for short-term investment.
VNs GDP to grow by 5.5-6%, risk and inflation on the rise

VN's GDP to grow by 5.5-6%, risk and inflation on the rise

Viet Nam''s GDP was forecast to grow by 5.5-6 per cent this year, albeit with significant risks and inflation in the range of 4-4.5 per cent in 2022 and likely over 5 per cent in 2023. 
Shares to experience short-term downtrend

Shares to experience short-term downtrend

Most securities companies forecast that the short-term downtrend of the market is returning and that investors should consider keeping reasonable proportion to avoid unexpected risks.
Short video market grows fast amid pandemic

Short video market grows fast amid pandemic

The COVID-19 pandemic in the last half of 2020 saw Vietnamese people download and use more phone applications than in 2019, according to the Mobile Application 2021 report from Appota Group.
Association proposed to tax apartment rental business on Airbnb

Association proposed to tax apartment rental business on Airbnb

The HCM City Real Estate Association has proposed the short-term apartment rental business be taxed, to  better manage business operations on Airbnb and similar online platforms which is developing rapidly in big cities.
Central bank considers changing roadmap for ratio of short-term funds for long-term loans

Central bank considers changing roadmap for ratio of short-term funds for long-term loans

The central bank said that the development of the COVID-19 pandemic remained complicated worldwide and Viet Nam still faced a high risk of infection from external sources.
Banks offer higher rates for online savings to draw clients amid COVID-19 battle

Banks offer higher rates for online savings to draw clients amid COVID-19 battle

To encourage customers to deposit money online amid the COVID-19 pandemic, many banks have raised interest rates for online savings.
Intraday short sale far from being realised as difficulties persist

Intraday short sale far from being realised as difficulties persist

Securities firms and investors are waiting for the T+0 or intraday short sale to be applied on the Vietnamese securities market, but there are still troubles that need to be resolved.
Abundant capital source drives rates in inter-bank market down

Abundant capital source drives rates in inter-bank market down

Interest rates in the inter-bank market are declining in contrast to previous years when the rate often increased significantly due to rising capital demand at year-end.
Central bank tightens lending for property sector

Central bank tightens lending for property sector

On November 15 the State Bank of Viet Nam replaced its previous circular on operational safety ratios for the banking sector with Circular No 22.
SBV tightens regulations with bad loans on the rise

SBV tightens regulations with bad loans on the rise

The central bank’s new policy aims to reduce risk, tighten control and to channel capital into priority sectors and small-to-medium-sized enterprises, according to the SBV.
HoREA offers proposals to help real estate firms access long-term bank loans

HoREA offers proposals to help real estate firms access long-term bank loans

The HCM Real Estate Association has suggested the State Bank of Viet Nam extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.