Bad debts debated at central bank governor’s Q&A session

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VietnamPlus English 2 day(s) ago 1 duplicate news

Bad debts debated at central bank governor’s Q&A session

Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh on September 29 attended a Q&A session at the ongoing 31st meeting of the National Assembly Standing Committee, during which he focused on clarifying issues relating to bad debts and credit growth.

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Hanoi issues bonds to fund traffic infrastructure

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VietnamPlus English 3 day(s) ago

The capital city of Hanoi will issue bonds worth 3 trillion VND (142.86 million USD) later this month to raise funds for its traffic infrastructure development from 2014 to 2015.

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HCM City considers low home loan rates

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VietnamPlus English 5 day(s) ago

Local authorities in Ho Chi Minh City have proposed an annual interest rate of only 3 percent for the most preferential home loans to benefit the poor, and seek the Government’s approval to extend the disbursement of the 30-trillion-VND home loan package up to 60 months, the Saigon Times Daily reported.

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Low-incomers to be received lower interest rate to buy social house: HCMC

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SaiGon GP English 1 week(s) ago

Ho Chi Minh City has just presented its petition to the government for a lower interest of low-incomers’ loan to buy social houses.

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SBV forecasts credit growth of 12-14%

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VietNam News English 1 week(s) ago 2 duplicate news

The country's total means of payment next year will increase roughly by 16 to 18 per cent against December, according to the State Bank of Viet Nam (SBV).

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Vietnam cbank moots $94k individual home loans for decent income public servants

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnam cbank moots $94k individual home loans for decent income public servants

Vietnam’s central bank is studying the feasibility of offering a new home loan package that would allow public servants with a stable income to borrow up to VND2 billion (US$94,135) each at preferential interest rates to purchase condominiums or terraced houses.

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IMF warns of risks from 'excessive' financial market bets

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Báo Thanh Niên English 1 week(s) ago

IMF warns of risks from 'excessive' financial market bets

The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday.

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Banks struggle to boost credit growth

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VietNam News English 2 week(s) ago 1 duplicate news 1 related news

Banks struggle to boost credit growth

Vietnamese banks are likely to promote lending programmes that hopefully will help them to either unleash idle capital or boost the sluggish credit growth toward the end of the year.

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Gov’t plan to issue $1 billion in int’l bonds stirs controversy

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VietnamNet English 2 week(s) ago 1 related news

Gov’t plan to issue $1 billion in int’l bonds stirs controversy

VietNamNet Bridge – The successful issue of international bonds at low interest rates will allow Vietnam to promote itself in the international capital market, according to a VPB Securities report.

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Southeast Asian outlook positive

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VietnamPlus English 2 week(s) ago

The outlook for Southeast Asian markets is positive in the future despite uncertainty over interest rate.

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Credit to help households in need

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VietNam News English 3 week(s) ago

Nguyen Van Ly, the deputy director of the Viet Nam Bank for Social Policies, spoke with Thoi bao Ngan hang (Banking Times) newspaper about plans to help households that have recently escaped poverty.

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Lower transaction fees when using VIB services

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Báo Đầu Tư English 3 week(s) ago

Lower transaction fees when using VIB services

The Vietnam International Bank today introduced to customers the Freedom package that integrates all personal banking services with various functions and features including saving up to VND1.4 million ($66) of transaction fees for all personal banking services each year plus additional 0.5 per cent per annum interest rate when making term deposit and 0.5 per cent per an annum discount in interest rate when applying for loans.

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Oversea remittance reaches US$2.75 billion in HCMC

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SaiGon GP English 3 week(s) ago

About US$2.75 billion was remitted to Ho Chi Minh City via the banking system in the first eight months this year, up 6.2 percent over the same period last year, said the State Bank of Vietnam.

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Credit growth expected to hit 10 percent this year

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VietnamPlus English 1 month(s) ago 2 related news

The country’s credit growth is expected to reach 10 percent by year-end, lower than the target of 12-14 percent, said new Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.

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Credit growth projected at 4.5% in first eight months

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VOV News English 1 month(s) ago 2 related news

Credit growth projected at 4.5% in first eight months

Vietnam's credit is expected to grow by 4.5% and its deposits, by 8.21%, by late August, according to the State Bank of Vietnam.

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