credit institutions

Latest News about credit institutions

Epidemic causes credit growth to slow significant in first two monthsicon
BUSINESS08/03/20200

Epidemic causes credit growth to slow significant in first two months

Credit growth of the banking system in the first two months of this year reached only 0.06 percent, slowing significantly against the 1 percent rate in the same period last year, due to impacts of the COVID-19 epidemic.

 
Vietnam c.bank's new circular to turn US$1.73 billion required reserves to loansicon

Vietnam c.bank's new circular to turn US$1.73 billion required reserves to loans

BUSINESS
06/01/2020

The circular lists cases that credit institutions are granted a reserve requirement waiver or a lower reserve requirement ratio.

Credit institutes must raise charter capital, forex exchange services tightenedicon

Credit institutes must raise charter capital, forex exchange services tightened

BUSINESS
22/11/2019

The Government has announced new regulations regarding the charter capital required by credit institutions.

Legal capital levels set for foreign financial organisations in Vietnamicon

Legal capital levels set for foreign financial organisations in Vietnam

BUSINESS
20/11/2019

The Government recently issued Decree No.86/2019/ND-CP regulating the minimum legal capital levels of foreign banks’ branches and credit institutions operating in Vietnam.

Vietnam among top 25 global performers in credit access: WBicon

Vietnam among top 25 global performers in credit access: WB

BUSINESS
28/10/2019

Vietnam has made considerable progress in terms of providing access to credit to become one of the top 25 global performers, according to the newly-released Doing Business Report 2020 produced by the World Bank.

Vietcombank posts record profit of nearly $757.6 millionicon

Vietcombank posts record profit of nearly $757.6 million

BUSINESS
07/10/2019

Bank for Foreign Trade of Vietnam (Vietcombank) reported $757.59 million in consolidated profit in the first nine months of this year, surging 50.6 percent from the same time last year and reaching 85.8 percent of the yearly plan.

VN central bank warns credit institutions over rate hikesicon

VN central bank warns credit institutions over rate hikes

BUSINESS
31/08/2019

The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.

Foreigners still allowed to make term depositsicon

Foreigners still allowed to make term deposits

BUSINESS
17/07/2019

Resident and non-resident foreigners in Vietnam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers.