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Sunday, June 16, 2024

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commercial banks

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...

Dealing with idle cash

In stark contrast with the liquidity crunch in late 2022 and early 2023 that forced banks to compete for funds by hiking interest rates,...

Out of touch

The Vietnam Association of Financial Investors (VAFI) has sent the prime minister a notable proposal meant to look for solutions to mobilize long-term, low-cost...

SBV urges reduction of lending rates

HCMC – The State Bank of Vietnam (SBV), the country's central bank, has urged commercial banks to further lower lending rates to drum up...

Growth target beyond reach?

As external factors – like weaker consumption in the U.S. and EU markets and stagnant recovery in China – are unfavorable, Vietnam will have...

Banks step up bond buybacks

While real estate firms are still grappling with woes, including cash flow problems that have rendered them helpless to take back their bonds that...

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