The Governor of the State Bank of Vietnam (SBV) has sent Document 7295 requiring credit institutions and foreign banks’ branches to keep a close eye on credit growth rate in foreign currencies to ensure their operation safety.
The Vietnam Bank for Social Policies reported from the beginning of this year to July, over 2.1 individual farming households accessed bank loans, totalling VND 52,850billion (VND 24.49 million per one)
A representative from the State Bank of Vietnam (SBV) yesterday reported difficulties in implementing a loaning program to develop hi-tech agriculture at a conference in the Central Highlands province of Lam Dong.
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) yesterday said that it handled VND2,520 billion(US$111 million) of bad debt and set aside VND5,044 billion ($222 million) for credit risk provision in the first seven months this year.
The Police Department for Investigation of Economic and Corruption-related Crimes on August 1 launched criminal proceedings against and took into custody Tram Be and Phan Huy Khang, former executives of the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank).