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Wednesday, December 18, 2024

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commercial banks

Banks raise deposit interest rates

HCMC – Several banks have increased deposit interest rates, with some offering 6-6.3% annually for long tenors. BVBank offers an annual rate of 6.3% for...

Financial health of small banks

Credit continued to grow positively in the first nine months of 2024, but the full-year target of 15% is still hard to achieve. New...

VND100-trillion bond package sought for social housing loans

HCMC - The Ministry of Construction has proposed a VND100-trillion bond issue to raise funds for lending to those eligible for buying social housing...

Roadblocks to foreign investment

Though banks are eager to sell stakes to foreign partners to expand their operations and improve their capital adequacy ratio (CAR), legal hurdles and...

Three dozen banks offer low-interest credit to typhoon Yagi-affected clients

HCMC – Thirty-two commercial banks have launched low-interest credit packages totalling VND405 trillion for businesses and individuals impacted by typhoon Yagi. According to the State...

Credit growth amidst sluggish demand

The banking system has seen lower-than-expected credit growth this year, at 1% as of mid-February. Though the State Bank of Vietnam (SBV) has taken...

Major banks cut deposit rates further

HCMC - Commercial banks have continued their interest rate cut cycle, with deposit rates falling by 0.2 to 0.3 percentage point just ahead of...

Pros and cons

"Credit management must ensure providing sufficient credit timely, not with excessive amounts to spark inflation or speculation and not with insufficient amounts to hinder...

PM urges SBV to ease lending requirements

HCMC - The prime minister has urged the State Bank of Vietnam (SBV), the nation's central bank, to ease lending requirements and procedures so...

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