Loans with reasonable interest rates will help small and medium-sized enterprises to maximize business efficiency. (Photo: SGGP)

Enterprises need more capital from banks

The negative impacts of the Covid-19 pandemic have been heavily affecting enterprises, especially small and medium-sized enterprises (SMEs). Most SMEs are short of money to put into production and business. The credit growth of the banking industry in the first six months of this year was quite low, so banks are actively pushing capital into this segment.
Bad debts worth VND 93.7 trillion (US$4.12 billion) were recovered last year. (Photo: cafef.vn)

Bad debt ratio at 2.3 percent by end of 2017

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.

SBV commits to protecting legitimate rights of depositors

SBV commits to protecting legitimate rights of depositors

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu yesterday advised customers not to follow rumors and withdraw their money to prevent damage as the banking system is operating very well with only few banks still facing some problems.