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.
Five-month overseas remittances to HCMC touch US$2.3 billion

Five-month overseas remittances to HCMC touch US$2.3 billion

The State Bank of Vietnam – Ho Chi Minh City Branch said that by the beginning of June this year, overseas remittances transferred to the city reached US$2.3 billion, a decrease of 1.9 percent over the same period last year.
Banks offer preferential interest rates for enterprises affected by Covid-19

Banks offer preferential interest rates for enterprises affected by Covid-19

Amid the context that the outbreak of an acute respiratory disease caused by the novel coronavirus (Covid-19) is happening complicatedly, causing negative impacts on economic growth, the State Bank of Vietnam (SBV) ordered commercial banks not to increase interest rates, including mobilizing interest rates.
Fragrant rice price was only VND4,700 a kilogram in Tan Hiep district, Kien Giang province on March 6 (Photo: SGGP)

Central bank steps up rice consumption loaning in Mekong Delta

The State Bank of Vietnam (SBV) has issued a document on speeding up rice production and consumption loaning in the Mekong Delta, in which Governor Le Minh Hung required commercial banks to continue implementing credit policies for agricultural and rural development and rice export.

SBV asked to report to PM on VND90 million fine for $100 note change

SBV asked to report to PM on VND90 million fine for $100 note change

Standing deputy Prime Minister Truong Hoa Binh yesterday required the State Bank of Vietnam (SBV) to report the legality and rationality of Can Tho city People’s Committee’s Decision to fine a man VND90 million (US$3,854) for selling a one hundred US dollar note to a jewelry shop.

Most commercial banks have raised interest rates on property loans because of soaring prices in the market. Photo nld.com.vn

Banks tighten lending rules

Many commercial banks in the country have increased loan interest rates by 1-2 per cent to investors in real estate as property prices continue to rise.


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.
 
VAMC buys nearly VND21 trillion deep debts

VAMC buys nearly VND21 trillion deep debts

Vietnam Asset Management Company (VAMC) purchased VND20,995 billion (US$924 million) of deep debts from credit institutions during the first nine months this year with the price of VND20,619 billion.