Banks are finding ways to boost lending in the rest of the year Speeding up disbursements to spur demand HCMC arranged three consecutive lender-borrower matching conferences in mid-October, VND20 trillion in loans pledged. In the year up to October, the city had facilitated 34 such events, matching the record-breaking number of events held in 2023. Another milestone was loan disbursements, which amounted to VND548.3 trillion at 17 participating commercial banks, 7.5% above the initial target, according to the State Bank of Vietnam (SBV) branch in HCMC. This year’s pledged loans are already 12% higher than the 2023 level, which indicates an increase in available funding. Nguyen Duc Lenh, deputy director of the SBV branch in HCMC, noted that credit expanded by 8.5% in the city in the first nine months of the year. Banks have been extending significant loans to both individual and private sector customers. “This indicates strong demand for credit from the private sector, to which banks are responding effectively,” he said. Data from the SBV showed that Vietnam’s total credit grew by around 9% in January-September. In a recent press briefing, a SBV leader said there was ample liquidity in the banking system, with room for further […]
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