31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Vietnam credit growth could reach 9% by year-end: C.bank
By the end of August, the credit growth was estimated at only 4.75%, but rose to 6.1% one month later, indicating improvements in enterprises’ access to credit.
11:19, 2020/19/01
Vietnam c.bank cuts policy rates, the fourth time in 2020
The interest rate cap for deposits with maturities of one month to less than six months has been lowered to 4% annually from 4.25%.
15:48, 2020/48/22
Weak credit demand leads to credit growth at only 4.81% in Jan-Sept
The growth rate is far away from the credit growth target of 14% set by the government for this year.
17:19, 2020/19/28
Hanoi credit growth expands 4.7% in 8 months
Credit, however, grew only 0.7% month-on-month in August.
14:49, 2020/49/10
Vietnam c.bank’s latest rate cut expected to reduce pressure on budget spending
Cutting deposit interest rates on required reserve of commercial banks is not a further monetary easing.
18:00, 2020/00/09
Vietnam National Economic Advisory Council sees GDP growth at 3 – 4% in 2020
For this year and early 2021, the PM expects fiscal deficit and public debt could widen by an additional 3–4 percentages of GDP to provide more support for enterprises.
13:00, 2020/00/03
Vietnam credit growth hits 3.26% in Jan-Jun
Vietnam’s central bank is willing to increase the credit growth limits for banks from now until the end of the year to support economic growth.
10:41, 2020/41/17
Vietnam credit growth slows to 2.13% in 6-month period
Credit demand in Vietnam is expected to stay low in the foreseeable future as the Covid-19 pandemic continues to be complicated globally, said a central banker.
09:30, 2020/30/23
Fitch Solutions revises down Vietnam credit growth forecast to 8% in 2020
On top of weak economic activity and low credit demand, the Covid-19 crisis macroprudential measures announced by the central bank will weigh heavily on banking sector profits for 2020.
14:12, 2020/12/17
Economic institutions’ net withdrawal from banks doubles to US$8.2 billion in Jan-Feb
During the two-month period, deposits from economic institutions in Vietnam’s banking system declined 4.84% against the end of 2019 to VND3,770 trillion (US$161.08 billion).
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