Banks foregone over $1 billion in profit to support businesses during Covid-19 outbreaks
A group of 16 commercial banks, accounting for 75% of total outstanding loans, has committed to foregoing around VND20.6 trillion ($906.3 million) in waiving and lowering interest rates for customers in the remainder of the year.
17:59, 2021/59/20
Banks set to expand debt rescheduling for customers for 6 months
With such a move, customers would now have another six months to recover their business operations.
11:41, 2021/41/11
Policy rate cut not in sight at present: C.bank
The timing and adjustment of policy rates must be decided based on the actual situation.
16:22, 2021/22/29
Central Bank warns of risks in real estate lending
Credit demand has been on the rise in the first half of the year and is set to maintain its growth momentum for the second six months.
15:12, 2021/12/12
Vietnam c.bank calls for lower interest rates in July
As the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers.
05:47, 2021/47/28
Digitalization – viable option for banks’ sustainable growth
By 2025, at least 50% of banking procedures and 70% of customers’ transactions are expected to take place in the cyber environment.
13:26, 2021/26/10
Banking sector faces risks as growing credit channeled to real state
Credit pumping into real estate takes a large share in the total outstanding loans, following by corporate bonds and stock market.
16:02, 2021/02/19
Vietnam put up huge efforts to convince US to drop currency manipulator label: PM
Vietnam continues to work on ensuring sustainable and balanced trade relations with the US, Prime Minister Pham Minh Chinh has said.
14:27, 2021/27/15
Central bank to tighten credit in “overheating” sectors: Governor
The central bank will continue to monitor actual economic situation and that of the pandemic to expand credit support appropriately.
14:41, 2021/41/13
C.bank expects credit growth to exceed 12%-target for 2021
Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.
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