loans

Update news loans

The State Bank of Vietnam (SBV) on September 7 raised credit growth quotas for several banks, paving the way for these lenders to make new loans for clients.

VN central bank to tighten lending with stricter standards

The State Bank of Vietnam (SBV) is mulling over stricter lending regulations, especially to finance purchases of properties and stocks, according to inside sources.

Lending rate worries homebuyers

Soaring capital input costs have piled pressure on lending rates, especially for home loans, as credit for the real estate sector has the highest risk coefficient and is being brought under control.

Banks told to rollout low-interest businesses loans

Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.

Ministry proposes financial support for artists and tour guides

Performing artists and tour guides who have been affected by the COVID-19 pandemic should be added to the Government's list of financial aid beneficiaries, according to a recent proposal from the Ministry of Culture, Sports and Tourism.

Three credit institutions pledge to sponsor Vietnam Airlines to get loans worth $173.6 million

Three credit institutions have committed to sponsoring the national flag carrier Vietnam Airlines to get loans worth 4 trillion VND (173.67 million USD), an official from the State Bank of Vietnam (SBV) said on June 21.

Vietnam banks promote loans with low interest rates by year-end

Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.

Banks report handsome profits

Many local banks have released impressive business results, with many of them being confident that their pretax profits would exceed their targets for 2019.

 

Why disbursements of public investment in Vietnam are slow?

The sluggish disbursement of public investment is attributable to the combination of three major factors.

Vietnam’s government to pay US$16 billion in debts in 2020

The government has set targets for public debts, government debts and foreign debts to ensure they are within the limit and lower than the national financial plan in the 2016 – 2020 period.

World Bank loans Việt Nam $150m

The World Bank has approved a loan of US$150 million to Việt Nam to improve local development policies related to economic management and competitiveness.

Vietnam to seek US$40 billion of foreign aid, loans

  The Prime Minister has recently approved a project of attracting, managing and using official development assistance (ODA) and foreign preferential loans for the period of 2016-2020.

Will lending in foreign currencies be stopped sooner than expected?

VietNamNet Bridge – Businesses are “reading between the lines” and assuming that they will not be able to borrow money in foreign currencies from early 2015.

Settling bad debts takes time, say experts

 VietNamNet Bridge – Solving bad debts requires great attempts by lenders and State-owned bodies, and Viet Nam should not expect all the debts to be settled within a certain time, experts said.

Businesses rush to buy dollars, betting on carry-trade deals

In its report released on July 2, the Vietnam National Finance Supervision Council highlighted the sharp increase in outstanding loans in foreign currency, warning that there is pressure on foreign currency liquidity.

Unreported, official foreign debts raising fears

 VietNamNet Bridge – No one knows how big the “underground”, or unregistered foreign debt is, while the official foreign debt has been found to be increasing steadily.

BUSINESS IN BRIEF 2/5

 Singaporean investors invited to Phu Quoc; WB Group member aids financial access in Vietnam;

PM okays $226.5m bonds for rural growth

 VietNamNet Bridge – The Prime Minister has approved the issue of Government bonds worth over VND4.7 trillion (US$226.5 million) to fund the National Target Programme on New Rural Development.

Justice Ministry authorized to tackle int’l investment disputes

 VietNamNet Bridge – The Ministry of Justice (MoJ) is the legal representative of the Government in dealing with international investment disputes as said in the Prime Minister's Decision No. 4/2014/QĐ-TTg.

Loans to EVN put back-bending load on commercial banks

 VietNamNet Bridge – The Electricity of Vietnam (EVN) has become the biggest debtor of commercial banks with the total outstanding loans having reached VND144 trillion.