VietNamNet Bridge – The lending interest rates offered by many commercial banks have reduced to below the deposit interest rates. However, businesses don’t intend to borrow money at this moment.

 VietNamNet Bridge – The health of commercial banks is now at their best conditions, if compared with the other months of the year, according to the State Bank of Vietnam.

 Russia affirms its nuclear status in Vietnam; Coffee exports to Mexico fall 19%; Ad firms confront challenges; Phone handset exports up 76%; Central bank backs down on currency

VietNamNet Bridge – Two An Binh Bank (ABBank) officials were arrested on Wednesday for lending VND80 billion to the Phuong Nam Foodstuffs Company which accumulated VND1.6 trillion in unsecured loans.

 Significant challenges remain for the banking industry to reach the annual credit growth target this year, despite certain improvement in lending situation, State Bank of Viet Nam (SBV) officials said.

VietNamNet Bridge – Believing that foreign invested enterprises (FIEs) are the potential borrowers, Vietnamese banks cannot approach the clients.

 Seafood surge nets exporters $5.37b in first 10 months of 2013; Banks struggle to meet credit target; India eyes Viet Nam business partnership; SBV debt pledge fails to rally shares

The banks’ move of pouring big money into corporate bonds, in the eyes of analysts, is a form of providing loans to businesses. Analysts have warned that it will be very difficult to settle the bad debts from the bond investments.

 Rising food costs bump up CPI in major cities; SBV restarts USD buy-back scheme; Auto show strikes upbeat note; Chinese firms to display produce; EU sends funding for local SMEs

 Undersupply hits small cashew processors; VAMC debt buyouts gain momentum; Hydropower projects getting the axe; Mobile phone export turnover hits new record high

 VietNamNet Bridge – Commercial banks earlier this year all planned to issue shares to increase their chartered capital. However, they have made no moved so far to implement the plans.

 VietNamNet Bridge – Commercial banks have been trying every possible means to increase the lending, as they only have three more months to obtain the targeted credit growth rate of 12 percent.

 Taiwan firms explore distribution opportunities in Vietnam; Rubber exports to fetch 4.5 billion USD this year; Thanh Hoa calls for more investment; Vietnam helps Laos develop coffee

 Steel sector struggles to escape rut; VN pledges to adopt global mining standard; Experts promote sustainable aquaculture practices; Tea industry needs to plan for the future

 Imported pesticides saturate VN market; HCM City property market sees revival; Exports of rice to decrease sharply; Mobile phones press towards top of export list for first time

 NFSC assesses Jan-Sep economic performance; Local book company among top 500 Asia-Pacific retailers; Tuna exports to ASEAN surge; Vietnam has trade surplus with Germany

 VietNamNet Bridge – The compulsory restructuring of 8 out of the 9 weak banks has completed successfully.

 VietNamNet Bridge – If the inflation rate is curbed at 6.5 percent this year, the dong ceiling deposit interest rate would not go down to below 7 percent per annum as expected by businesses.

 VietNamNet Bridge – More than a half of commercial banks think the bad debt ratio would be unchanged or would be increasing by the end of 2013 in comparison with the end of 2012.

 PetroVietnam divests on schedule; WB guarantees new Masan loan; Taiwan is top destination for Vietnam labourers abroad; M&A market boasts huge development potential