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Credit growth trajectory

The credit growth trajectory in the first six months of this year shows many similarities to the same period of last year, characterized by slow growth. Challenges for the Vietnamese economy The Vietnamese economy is under intense pressure due to weak domestic consumption and export performance amid unpredictable conditions in major markets such as the U.S., Europe, and China. To address these difficulties and stimulate growth, the State Bank of Vietnam (SBV) has introduced various measures to beef up lending, but as of mid-June 2024, credit had grown by a mere 3.79%. Businesses are struggling, demand for loans is low, and bad debt pressure makes banks cautious in making new loans. Despite a reduction in lending rates, demand for credit has not recovered as significantly as expected. In the first quarter of this year, many banks reported negative credit growth, especially those focused on retail lending. By May, with little improvement in consumer spending, corporate lending became the main driver of credit growth in the banking sector. Weak credit growth background Since GDP expanded by a substantial 5.66% in the first quarter, the economy has still been grappling with multiple challenges amid global economic uncertainties. Various organizations have predicted Vietnam’s […]
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Uncertainties over rice exports

After a promising end to last year, Vietnam’s rice export prices have been declining since early this year. Will this decline reverse in the...

The outlook of cashless payment

The Government has issued Decree 52/2024/ND-CP regulating cashless payments, replacing Decree 101/2012/ND-CP. Along with the 2024 Law on Credit Institutions, Decree 52, which takes...

For the benefit of farmers

National Assembly deputies have debated the possible implications of a 5% value-added tax (VAT) on fertilizers. They argue that while the tax could boost...

To succeed in cross-border e-commerce

“We need to think about a strategy to build a common brand for Vietnamese goods, so that when consumers think of Vietnamese goods, they...

The live commerce boom

Although it accounts for just 5% of total revenue, live commerce is shaking up the market and capturing the interest of consumers in Vietnam. Live...

Weight loss with safe low-carb diet

Cutting carbohydrates in daily meals excessively to quickly lose weight is not at all safe, according to Suc khoe & Doi song news site. Carbohydrate...

Embracing imperfections

The Vietnamese language has earned a reputation as one of the most challenging to master, causing many learners to take breaks due to its...

Short-haul travel turns trendy

Tourist behavior has shifted, with many families and groups of friends now preferring destinations near to home. On the first Sunday of June, a resort...

Seeking opportunities for portfolio restructuring

With market corrections looming, investors are increasingly cautious. However, this presents an opportunity for restructuring portfolios by targeting industry groups and companies with strong...

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