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Credit institutions liquidity to be ensured: central bank deputy chief

The State Bank of Vietnam is willing to provide liquidity to credit institutions to sustain their payment capability, especially at the end of the year when demand for funds often peaks, its deputy governor Dao Minh Tu has said.

Credit limit raised, but banks may lack money to lend

The State Bank of Vietnam (SBV) on December 5 said that the credit growth rate limit has been raised by 1.5-2 percent for 2022, which means that about VND400 trillion more will be pumped into the national economy.

Loosening monetary policy welcome amid credit crunch

The SBV last week raised the 2022 credit growth target for the domestic banking system by 1.5-2 percentage points from its previous target of 14 per cent, allowing commercial banks to pump an additional VND240 trillion into the economy.

Measures needed to satisfy capital 'thirst'

The increase in credit growth rate limit will help improve liquidity and provide working capital to Vietnamese businesses, but it won’t fully satisfy their need for capital.

SBV aiming to harmonise monetary market players

The State Bank of Vietnam is attempting to stabilise lending rates while also mobilising credit institutions to continue reducing operating costs and support both individuals and businesses.

An additional $3.5 billion to be put into the economy

Four banks include VPBank, HDBank, MB and Vietcombank has just adjusted its credit room for the third time this year.

Commercial banks allowed to expand room for credit

About 15 commercial banks have just been allowed to expand their credit limit by 1 percent to 4 percent by the State Bank, but this time expansion has not satisfied the market's thirst for capital after a long wait.

The credit growth limit: pending questions

The State Bank of Vietnam (SBV) has said it has adjusted the credit growth rate limits of some commercial banks in 2022. As usual, the adjustments were not made public.

Real estate sector struggles to access bank loans

Credit expansion is good news, but not for the property sector, as banks have poured too much money into it, experts said.

State Bank of Vietnam unwilling to dismantle credit room

The mechanism of granting credit room for each commercial bank is often called an administrative order by experts and it was proposed to remove this mechanism five to seven years ago after banks made new strides in the restructuring process.

Banks ask for higher credit quota to prepare for peak lending season

Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Vietnam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.

Credit grows modestly at 1.96% in Jan-May

As of May 29, Vietnam’s credit growth was only 1.96% compared with late 2019 under impacts of the Covid-19 pandemic, the Credit Department announced at a press conference held by the State Bank of Vietnam (SBV) Friday.


VN agriculture out in the cold for credit

The State Bank of Vietnam has directed the banking sector to develop a VND250 trillion ($10.87 billion) credit support programme to help companies hit by the COVID-19 pandemic. 

State firms make up 5% of total corporate loans in Vietnam

A major proportion of bank loans are provided for the business community, particularly the private sector and individuals.

In Vietnam, many businesses close after several years of development

Businesses complain they find it difficult to access loans, while banks say many businesses don’t have feasible business plans and cannot use capital effectively.

P2P lending feared to trigger black credit

VietNamNet Bridge - Peer to Peer Lending (P2P), under which lenders and borrowers connect via apps, has been developing rapidly in Vietnam.

Draft law requires banks to offer consumer credit via finance companies

 VietNamNet Bridge – Commercial banks will be forced to stop providing consumer loans if they don’t have finance companies of their own, under a draft document being compiled by the State Bank of Vietnam.


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Income down, but banking sector remains hot

Commercial banks continue recruiting more officers, and though the average income decreased in 2012, bank officers still had sky high monthly salaries, which were the dream of the workers in other business fields.