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outstanding loans
Update news outstanding loans
Strict criterion prevents access to loans
Although Decree 31/2022/ND-CP of the State Government offers support to businesses, cooperatives, and business householders at 2 percent interest rate when borrowing from commercial banks, there is still a strict criterion in place.
Banks told to control lending for real estate projects
National Assembly deputies propose that there should be reasonable monetary policies to ensure the healthy development of the real estate market.
Local banks expect credit growth extension
Many commercial banks are proposing the central bank to extend credit growth limits as they have nearly reached the allowed threshold.
Loan dues extended to fight economic downturn
Financial firms extended loan dues for more than 223,000 borrowers whose outstanding loans stood at VND151 trillion (US$6.49 billion) by May 25, according to the State Bank of Vietnam.
Outstanding loans of twelve inefficient projects amount VND21 trillion
The outstanding loans of twelve inefficient projects under the Ministry of Industry and Trade totalled US$905 million as of the end of 2019, most were overdue, according to the Government’s report to the National Assembly.
Is European capital targeting Vietnam’s banks?
JP Morgan says Vietnam’s banks are an outstanding investment opportunity in Southeast Asia, while a report from Bao Viet Securities says the banking sector is very promising.
Vietnam banks restructure debt maturities worth over US$930 million for customers
Local lenders are considering waiving interest rates of outstanding loans worth VND185 trillion (US$7.94 billion) for 34,350 customers.
Banks likely to enjoy big fat earnings again this year
Though the fiscal year 2019 is yet to end, early reports suggest major commercial banks in Vietnam will enjoy big fat earnings this year.
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.
Credit growth rises at joint stock banks, falls at state-owned banks
The credit growth rates of state-owned banks are decreasing, but rising at joint stock banks.
Vietnamese Gov’t takes tighter control over large-size real estate projects
The Government will continue to tighten credit in the real estate industry.
Banks, borrowers reluctant to bring credit disputes to arbitration center
VietNamNet Bridge - A survey has found that 70 percent of businesses want to have their disputes settled by arbitrators, but in most cases, disputes are brought to court instead.
Credit sector to witness a boom in 2015
VietNamNet Bridge - Commercial banks have shown determination to increase lending in 2015, while businesses are believed to have better conditions to apply for loans.
BUSINESS IN BRIEF 18/1
SBV survey optimistic about outstanding loans in 2015; Vinafood 2 acts to secure rice for export; Ministry sticks to ice-to-fish ratio rule; Husbandry households face tougher future; Authorities crackdown on tobacco smuggling
Lending bounces back on high year-end production season
VietNamNet Bridge – The outstanding loans have increased again since mid- August after a long period of stagnation, though the money has been disbursed mostly to big enterprises.
