Latest News about outstanding loans
Many commercial banks are proposing the central bank to extend credit growth limits as they have nearly reached the allowed threshold.
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.
Local lenders are considering waiving interest rates of outstanding loans worth VND185 trillion (US$7.94 billion) for 34,350 customers.
Though the fiscal year 2019 is yet to end, early reports suggest major commercial banks in Vietnam will enjoy big fat earnings this year.
A major proportion of bank loans are provided for the business community, particularly the private sector and individuals.
The credit growth rates of state-owned banks are decreasing, but rising at joint stock banks.
The Government will continue to tighten credit in the real estate industry.