bank loans

Update news bank loans

Fishermen, locals suffer in wake of fish deaths

There has yet to be a definitive conclusion on the cause of mass fish deaths in the central region, but nonetheless, local residents whose diets rely on seafood and fishermen living along the coast from Ha Tinh to Thua Thien-Hue have been suffering.

Gov’t: Bad debt ratio falls to 2.9%

 VietNamNet Bridge – As of September, bad debt in the banking system had dropped to 2.9%, a steep fall from 17.43% recorded in the same month in 2012,

Thousands of lives in limbo for half-century due to 'park' project

 VietNamNet Bridge – More than 2,000 people have lived in limbo for nearly half a century because of a planned "park" in Hanoi's Hai Ba Trung District that never happened.

Businesses lack access to bank loans due to 2013 Land Law

VietNamNet Bridge - Enterprises in industrial zones (IZs) say they cannot borrow money from banks because of provisions stipulated in the 2013 Land Law.

State bank’s monetary policy applauded by international community

The State Bank of Vietnam (SBV) has succeeded with its macroeconomic management policies, international financial experts have said.

Businesses prefer corporate bonds to bank loans

Tens of trillions of dong worth of corporate bonds have been issued recently by enterprises, mostly real estate development firms.

VN property market worth $21 bil

VietNamNet Bridge – A study by Nomura Research Institute (NRI) of Japan estimated the value of Viet Nam's property market at US$21 billion, a far cry from that of some of its neighbours.  

Banks refuse to offer loans to seafood exporters

VietNamNet Bridge – Bankers are reluctant to provide loans to seafood companies, which are in a vulnerable situation and may “explode”.

 

Price falls hit rice farmers despite stockpiling scheme

 VietNamNet Bridge – Farmers bemoan they have not benefited from the nation’s one-million-ton rice stockpiling scheme for the winter-spring crop in 2013-2014 as prices are still edging down even though the scheme still has more than one week to go.

BUSINESS IN BRIEF 22/9

 Motorshow 2013 to be launched in HCM City; Vietnam,Turkey aim for US$3 billion trade turnover by 2015; Farmers apprehensive before new sugarcane season

Fiscal easing sought to foster economic growth

VietNamNet Bridge – The Government should boost public investment via government bond issuance to the major projects currently in financial distress, all for the sake of economic growth,

VND30tril loan package recipients still to be named

VietNamNet Bridge – Enterprises and individuals who intend to take out bank loans from the VND30-trillion package will have to wait as the list of borrowers and housing projects to be given the special loans has yet to be announced,

SMEs turn out to be banks’ lifebuoy

Accessing bank loans had never been an easy thing for small and medium enterprises (SMEs). However, things have become quite different -- banks have been trying to persuade SMEs to borrow money.

SBV overhasty in loosening monetary policy?

The State Bank of Vietnam (SBV) has been warned against the hastiness in regulating the money policy. Vietnam would have to pay a heavy price for the decision to slash interest rates at unreasonable moments.

Businesses put pressure on central bank to delay bad debt classification

The lending interest rates are on the decrease, which is hoped to help businesses more easily access bank loans. However, the efforts by the banks to slash interest rates would be useless if the bad debts suddenly increase.

Time for monetary policy loosening

The State Bank of Vietnam has slashed the ceiling deposit interest rates several times in an effort to reduce the loan interest rates and increase the amount of capital to be pumped into the national economy.

Gold price gap creates fertile land for illegal imports

VietNamNet Bridge – The record big gap between the domestic and international gold prices has prompted speculators to import gold to sell domestically for profit.

State Bank faces interest rate dilemma

VietNamNet Bridge – The State Bank of Viet Nam plans to maintain the current deposit interest-rate cap to ensure stability on the market. However, many domestic enterprises want the central bank to set a cap on the lending interest rate

SBV to slash interest rates further to make loans approachable to businesses

Despite the successive interest rate reductions, the interest rates in Vietnam are still the highest in the region.

Interest rates down, cash flow gets stuck

Commercial banks have quietly reduced the deposit interest rates because of the low demand for loans. Investors have been in a divided mind as to where to pour money to since all the investment channels remain unattractive.