News
Urgently implement measures to support people and enterprises affected by Typhoon Yagi
On September 18, 2024, in Hanoi, Deputy Governor Dao Minh Tu of the State Bank of Vietnam (SBV) chaired a meeting with the credit institutions to discuss and agree on the urgent implementation of measures to support the people and enterprises affected by Typhoon Yagi (also referred to as Typhoon 3 of 2024).
-
Banks set to stimulate credit growth in last quarter
Banks are developing favourable credit schemes for the manufacturing and business sectors, while relaxing lending standards across all customer groups and the majority of loan sectors in the last quarter of the year.
-
Banks reduce interest rates, offer new loans for customers affected by Typhoon Yagi
Several private and State-owned banks have reduced interest rates and offered debt relief for customers affected by Typhoon Yagi.
-
New policy stipulates special lending cases for credit institutions
Credit institutions will receive special loans from the State Bank of Vietnam (SBV) to pay depositors in case they face mass withdrawals, according to a new SBV regulation.
-
Lenders seek regulations to disburse green finance
Many banks are increasing their focus on implementing green finance packages, but unlocking these promising capital sources still requires suitable mechanisms.
-
SBV orders debt relief and lending support following Typhoon Yagi
The State Bank of Vietnam (SBV) has instructed credit institutions to consider offering interest rate reductions, debt restructuring, and new lending support for borrowers impacted by Typhoon Yagi.
-
State Bank of Vietnam offers fresh catalyst for growth
The State Bank of Vietnam’s efforts to lower interbank interest rates and increase credit limits for banks will provide additional momentum for growth, with economic recovery pace being crucial to sustaining credit demand.
-
Uneven credit growth registered in first eight months
Credit growth rebounded in August after July's slowdown, but it remained uneven, with Hanoi's rate nearly triple that of Ho Chi Minh City.
-
SBV sticks to 0% rate to fight off the dollarisation
Measures implemented by the State Bank of Vietnam (SBV) to fight off the dollarisation of the economy, highlighted by the zero per cent interest rate for deposits made in US dollar, have produced positive effects in stabilising the exchange market, increasing foreign reserves, remittance flows and foreign investments, said economists and exchange market experts.
-
Credit limit for large customers to be gradually reduced over next five years
Banks will have to gradually reduce the credit limit for large customers over the next five years to meet regulations under the new Law on Credit Institutions.
-
Banks still counting profit from securities trading
Despite market volatilities, many banks still count healthy profits from securities trading.
-
SBV adjusts credit growth targets and strengthens monetary policy management measures
Following the Resolutions of the National Assembly, the guidance of the Government and the Prime Minister, the State Bank of Vietnam (SBV) has managed the monetary policy in a proactive, flexible and effective manner, in collaboration with the fiscal policy and other macro-economic policies in order to control the inflation, contributing to maintaining the macro-economic stability, supporting the economic growth.
-
Lenders still most active in corporate bond issuance
Vietnam’s corporate bond market is experiencing a resurgence, but delayed payments and other factors continue to make dents in the sector.
