SBV names banks permitted to guarantee future properties

The State Bank of Vietnam (SBV) yesterday announced the list of 33 commercial banks eligible to stand security for investors of future property projects.

An apartment block for medium income people in District 7, HCMC (Photo: SGGP)

They comprise Agribank, VietinBank, Vietcombank, BIDV, ABBank, LienVietPostBank, ACB, PGBank, PVCombank, SCB, TPBank, VietA Bank, Sacombank, BaoViet Bank, Viet Capital Bank, MB, HDBank, VPBank, Techcombank, MaritimesBank, DongA Bank, NCB, BacA Bank, SHB, ANZ Vietnam, Hong Leong Vietnam, HSBC Vietnam, Shinhan Vietnam, Standard Chartered, Indovina Bank Limited, VID Public Bank, Vietnam - Russia Joint Venture Bank, and VinasiamBank.

On the same day, SBV also sent a document proposing commercial banks to lower interest rates of working capital loans for offshore fishing to 6.5 percent from the current rate of 7 percent a year.

By Ham Yen – Translated by Hai Mien

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