31st Sea Games - Vietnam 2021 Covid-19 Pandemic
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.
07:46, 2021/46/22
Robust economic pickup to drive stronger credit growth in 2021
Real estate sales will be another key driver of credit growth, as apartment supply and sales are likely to pick up in 2021.
17:16, 2021/16/07
Vietnam credit growth set to return to pre-Covid-19 level in 2021
The State Bank of Vietnam (SBV), the country’s central bank, could promote a reduction in financing costs and lower borrowing costs to help ease hardship for businesses.
11:52, 2020/52/24
Vietnam credit growth hits 10.14% as of December 21
The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).
11:32, 2020/32/16
Vietnam economy continues to strengthen, reports VDSC
Optimism for the year ahead has been improved to the highest thanks to the country's effective control of Covid-19 pandemic.
15:22, 2020/22/24
Vietnam c.bank set for 5th policy rate cut to realize GDP growth target
As of November 17, the country’s credit growth was estimated at 7.26% against the end of 2019, resulting in VND8,790 trillion (US$377.7 billion) in outstanding loans.
09:48, 2020/48/05
Vietnam four major state-owned banks can raise registered capital with gov't funding
Under the new regulation, state-owned commercial banks where the state holds more than 50% can now be able to raise their registered capital to maintain the government control.
18:33, 2020/33/20
Vietnam growth may slow to 3% in 2020, likely to rebound to 7.8% in 2021: StanChart
Vietnam is one of the few Asian economies to have registered positive growth so far this year, despite the second wave of infections.
09:46, 2020/46/13
Vietnam banking sector to suffer in 2020 before rebounding in 2021
Fitch Solutions expected credit growth to weaken to 7% in 2020 from 13.7% in 2019, but the growth is predicted to pick up to 12% one year later.
10:02, 2020/02/06
Vietnam inflationary pressures predicted to remain weak in 2020 – 2021
Vietnam’s inflation is set to remain below the government’s 4% threshold for most of the year with its average forecast at 3.5%. This should see the central bank keep lending conditions accommodative into 2021.
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