Consumer credit accounts for 10 percent of outstanding loans in HCMC. A large amount of these has run into personal house buyers(Photo: SGGP)

Real estate credit in uptrend, SBV continues tightening policies

The State Bank of Vietnam (SBV) has tightened credit flow into the real estate sector which has been in an uptrend since early this year while HCMC Real Estate Association has warned of a virtual fever in property prices in some districts.
Central Bank reports strong credit growth in first quarter

Central Bank reports strong credit growth in first quarter

Unlike the trend in recent years, the banking system this year saw strong credit growth hitting 3.14 percent as of March 23 compared to the end of 2016, reported the State Bank of Vietnam (SBV) on Wednesday.
US$4,34 billion credit package to be spent on high-tech agriculture

US$4,34 billion credit package to be spent on high-tech agriculture

Deputy Prime Minister Vuong Dinh Hue and related agencies yesterday discussed on the implementation of credit package of VND100 trillion (US$4.34 billion) from commercial banks’ called-up capital for high-tech agriculture development loan.
Credit growth rate reaches 1 percent in HCMC this year

Credit growth rate reaches 1 percent in HCMC this year

Total outstanding loan of credit institutions in HCMC was estimated to touch VND1,488 trillion (US$65.28 billion) by the end of February, up 1 percent over the end of 2016 and 19.75 percent compared to the same period last year, reported the State Bank of Vietnam in the city.