Credit growth of HCMC reaches 8 percent

Credit growth of HCMC reaches 8 percent

According to the State Bank of Vietnam – Ho Chi Minh City Branch (SBV-HCMC), the credit growth in the city was at 8 percent last year.
Credit growth in 2020 not as high as expected

Credit growth in 2020 not as high as expected

The State Bank of Vietnam (SBV) said that by December 31, last year, the credit outstanding balance of the economy nearly touched VND9.2 quadrillion, an increase of about 12.13 percent compared to 2019, at a meeting to deploy the tasks of the banking sector in 2021 held in Ho Chi Minh City on January 7.
A highway toll station put out of business since March 2017

Experts proposing resolutions for indebted BOT project investors

There have been many proposals from experts in the field aimed to aid investors of BOT infrastructure projects and avoid creating bad debts for credit institutions, while keeping the burden from falling on to residents and transport companies.
Credit growth rises by nearly 1 percent in first two months

Credit growth rises by nearly 1 percent in first two months

Evaluating the banking activities in February this year, the People’s Committee of Ho Chi Minh City said that the city’s banking industry continued to operate stably and maintain a positive growth rate, contributing to meeting the capital demand for the production and trade activities and to the economic growth of the city.
Credit quality of real estate sector continues to be controlled

Credit quality of real estate sector continues to be controlled

Mr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam – Ho Chi Minh City Branch (SBV-HCMC Branch), reported to the State Bank of Vietnam (SBV) at a meeting on January 10 that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year, an increase of 13.5 percent compared to that in 2018, lower than the country’s total capital mobilization of 14.3 percent.
Banking industry shows good performance

Banking industry shows good performance

Recently released financial statements of the third quarter of this year of commercial banks showed that banking industry has continued to flourish with extremely positive profit growth, in which a large part was contributed by revenue from services. 
Vietnam hasn’t issued a law on P2P lending and the model has many potential risks.(Photo: thoibaonganhang.vn)

Credit institutions warned about P2P lending

The State Bank of Vietnam (SBV) has warned Vietnamese credit institutions and foreign banks in the country to be cautious before working with peer-to-peer (P2P) lending companies as there are many risks related to the service.
A majority of credit institutions in the country expect an upward trend in their business in 2019. (Photo: VNA)

Banks expected to maintain good performance in 2019

A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Vietnam (SBV) survey released recently.