Customers do transactions at Vietcombank. (Photo: SGGP)

Banking industry sees slow credit growth

By June 16, the credit growth of the banking industry merely reached 2.13 percent compared to the beginning of this year. Thus, in the first nearly six months of this year, credit growth was only half of that in the same period last year due to the serious impacts of the Covid-19 pandemic.
Banks launch low-interest rate packages to stimulate credit demand

Banks launch low-interest rate packages to stimulate credit demand

Besides supporting customers affected by the Covid-19 pandemic, commercial banks also introduced several support packages with interest rates lower than usual interest rates by 0.5 to 3 percent per annum, worth around VND250 trillion (US$10.66 billion), for both corporate and individual customers to stimulate credit demand.
IFC provides credit package for Vietnamese SMEs

IFC provides credit package for Vietnamese SMEs

The International Finance Corporation (IFC) and Orient Joint Stock Commercial Bank (OCB) on March 27 signed a cooperation agreement on a US$100-million credit package and an advisory program to promote supply chain financing.
A social housing project in District 11, HCMC

Social housing credit: far distance from policy to reality

After the social housing credit package worth VND30 trillion has ended, a new policy has been issued enabling social housing buyers and investors to get low interest bank loans. Still the distance from the policy to reality is too long as only few have been able to access the loans.