foreign currency loans

Update news foreign currency loans

More steps to be taken to downsize foreign currency loans

Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.

More steps to be taken to downsize foreign currency loans

Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.

Fitch upgrades long-term credit rating to positive

 VietNamNet Bridge – A decision by Fitch Ratings has resulted in a revision of its outlook on Vietnam’s long-term credit rating to positive from stable, affirming its B+ rating.

Banks cannot find foreign currency borrowers in high season

 VietNamNet Bridge – Commercial banks’ coffers have been filled with foreign currencies which cannot be disbursed because of the lack borrowers, even though it is now the high season.