The State Bank of Vietnam (SBV) on September 7 raised credit growth quotas for several banks, paving the way for these lenders to make new loans for clients.

The State Bank of Vietnam (SBV) is mulling over stricter lending regulations, especially to finance purchases of properties and stocks, according to inside sources.

Soaring capital input costs have piled pressure on lending rates, especially for home loans, as credit for the real estate sector has the highest risk coefficient and is being brought under control.

Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.

Performing artists and tour guides who have been affected by the COVID-19 pandemic should be added to the Government's list of financial aid beneficiaries, according to a recent proposal from the Ministry of Culture, Sports and Tourism.

Three credit institutions have committed to sponsoring the national flag carrier Vietnam Airlines to get loans worth 4 trillion VND (173.67 million USD), an official from the State Bank of Vietnam (SBV) said on June 21.

Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.

Many local banks have released impressive business results, with many of them being confident that their pretax profits would exceed their targets for 2019.

The sluggish disbursement of public investment is attributable to the combination of three major factors.

The government has set targets for public debts, government debts and foreign debts to ensure they are within the limit and lower than the national financial plan in the 2016 – 2020 period.

The World Bank has approved a loan of US$150 million to Việt Nam to improve local development policies related to economic management and competitiveness.

  The Prime Minister has recently approved a project of attracting, managing and using official development assistance (ODA) and foreign preferential loans for the period of 2016-2020.

VietNamNet Bridge – Businesses are “reading between the lines” and assuming that they will not be able to borrow money in foreign currencies from early 2015.

 VietNamNet Bridge – Solving bad debts requires great attempts by lenders and State-owned bodies, and Viet Nam should not expect all the debts to be settled within a certain time, experts said.

In its report released on July 2, the Vietnam National Finance Supervision Council highlighted the sharp increase in outstanding loans in foreign currency, warning that there is pressure on foreign currency liquidity.

 VietNamNet Bridge – No one knows how big the “underground”, or unregistered foreign debt is, while the official foreign debt has been found to be increasing steadily.

 Singaporean investors invited to Phu Quoc; WB Group member aids financial access in Vietnam;

 VietNamNet Bridge – The Prime Minister has approved the issue of Government bonds worth over VND4.7 trillion (US$226.5 million) to fund the National Target Programme on New Rural Development.

 VietNamNet Bridge – The Ministry of Justice (MoJ) is the legal representative of the Government in dealing with international investment disputes as said in the Prime Minister's Decision No. 4/2014/QĐ-TTg.