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Thursday, December 19, 2024

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PM urges banks to help struggling realty market out

HCMC - Prime Minister Pham Minh Chinh has told the State Bank of Vietnam and the banking system to focus on removing obstacles facing...

Personal savings increase over 9%

HCMC - Personal savings at banks in 2022 grew strongly last year, according to the HCMC branch of the State Bank of Vietnam (SBV). Data...

Cash-strapped lenders

The State Bank of Vietnam (SBV) on December 5 loosened its grip on credit limits, raising the credit cap by 1.5-2.0 percentage points on...

Is it time to increase credit growth cap?

Though the central bank has shown no sign of revising the credit growth target of 14% for 2022, there is still room for increasing...

Switching to savings accounts

The number of current account savings accounts (CASA) held by individuals has declined though it had been projected to increase on fast online payment...

Banks report handsome profits in Q3

HCMC - Many local banks have released their business results, which indicate huge third-quarter profits. Asia Commercial Bank (ACB) recorded a pretax profit of nearly...

Where has all the cash gone?

Capital mobilization by credit institutions has grown at a snail’s pace and lags behind credit growth quotas despite consecutively increasing interest rates since early...

MSB gets nod to hike charter capital

HCMC – The State Bank of Vietnam has approved Vietnam Maritime Commercial Joint Stock Bank's plan to increase its charter capital by over VND4.7...

Banks report hefty profits in H1

HCMC - The first half of this year saw many commercial banks produce positive business results, with their before-tax profits exceeding VND10 trillion. A report...

Vietnam to complete handling of poor-performing banks by 2025

HCMC – The Government has approved a banking sector restructuring and bad debt settlement plan in which the handling of poor-performing commercial banks will...

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