Ensuring the stable development of the real estate market

Ensuring the stable development of the real estate market

VCN - The Government has just issued Resolution No. 33/NQ-CP dated March 11, 2023 on a number of solutions to remove and promote the safe, healthy and sustainable development of the real estate market. The Government requires regular monitoring and eff
Enterprises operate moderately and investment is limited due to difficulties in capital

Enterprises operate moderately and investment is limited due to difficulties in capital

VCN - A survey conducted by the HCM City Business Association in February 2023 of more than 100 businesses showed that up to 83% of businesses were facing difficulties.
Banks granted credit room

Banks granted credit room

According to the Vietnam Confederation of Trade and Industry (VCCI), the credit growth limitation is one of the most influential policies in the banking system of Vietnam, but its legal basis is not very thin.
Loan interest rates are gradually "cooling down"

Loan interest rates are gradually "cooling down"

VCN - Along with the cooling trend of deposit rates, some banks have announced credit packages to support lending rates.
Preventing chain breakdown from P2P lending: There must be a legal corridor quickly

Preventing chain breakdown from P2P lending: There must be a legal corridor quickly

VCN - In recent days, the case of two peer-to-peer lending enterprises (P2P) falling into illiquidity, leading to the risk of chain breakdown, shows that the legal corridor and tight control of the financial technology sector (Fintech) is very important.
Expecting a wave of interest rate cuts to support enterprises

Expecting a wave of interest rate cuts to support enterprises

In the last days of November, some commercial banks suddenly announced they would reduce lending interest rates.
Stock market reacts to the rise of interest rate

Stock market reacts to the rise of interest rate

The State Bank's adjustment of interest rates in the market has affected the stock market.
Need to "shake hands" more tightly in implementing interest rate support for businesses

Need to "shake hands" more tightly in implementing interest rate support for businesses

VCN - According to Mr. Can Van Luc, Chief Economist of BIDV and member of the National Monetary and Financial Policy Advisory Council, in order to improve the effectiveness of the implementation of support packages and components in the socio-economic rec
Rapidly "inject capital" to support businesses

Rapidly "inject capital" to support businesses

To effectively deploy the 2%/year interest rate support package to support businesses, the extension of the credit growth limit is necessary and should be done soon
Customers still wary about interest rate support package

Customers still wary about interest rate support package

Three months have passed since the Government introduced a special programme providing interest rate support in loans for businesses, but not many are interested in the programme which is contrary to the market expectation that it would help ease the enterprises’ thirst for capital.
Will the "wave" of interest rate increase slow down Vietnam

Will the "wave" of interest rate increase slow down Vietnam's growth?

VCN - Vietnam's economy has a large openness, domestic production is quite dependent on raw materials and fuel imported from outside.
Deputy PM’s conclusions on interest rate support package

Deputy PM’s conclusions on interest rate support package

The Government Office has issued an announcement on Deputy Prime Minister Le Minh Khai’s conclusions at a meeting on interest rate support package in accordance with the Government’s Decree No.31/2022/ND-CP dated May 20.
Pressure to increase the exchange rate, will the State Bank take action?

Pressure to increase the exchange rate, will the State Bank take action?

VCN - Pham Chi Quang, Deputy Director General in charge of the Monetary Policy Department, State Bank of Vietnam (SBV), said that the agency will increase the frequency of selling foreign currency interventions.
Loosening credit room: caution necessary

Loosening credit room: caution necessary

VCN - According to data from the State Bank of Vietnam (SBV), as of May 27, credit is estimated to increase by 7.75%, about two times higher than the same period in 2021.
Banks continue savings interest rates “race”

Banks continue savings interest rates “race”

VCN - The interest rate level for savings accounts continued to increase in the early days of June 2022, and the interest rate "race" now has the participation of the "big" banks.
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