Loan interest decreased due to lower deposit interest rates

Loan interest decreased due to lower deposit interest rates

VCN - According to information from the State Bank (SBV), from March 6, four state-owned commercial banks (Vietcombank, BIDV, VietinBank, and Agribank) decreased by 0.2%/year, commercial joint stock banks decreased by 0.5%/year compared to the interest ra
Lending interest rates need a delay to reduce substantively and deeply

Lending interest rates need a delay to reduce substantively and deeply

VCN - According to a report by the Ministry of Planning and Investment, credit growth only increased by 0.77% by the end of February 2023, less than one-third of the credit growth rate in the same period last year.
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.
Credit institutions and real estate businesses continue to repurchase bonds

Credit institutions and real estate businesses continue to repurchase bonds

VCN - In the context that new corporate bond issuance activities have been almost frozen, the bond market has witnessed an increase in repurchase activities in October 2022, thereby significantly reducing the pressure from the bond outstanding that will h
Interest rate support policy is specific, facilitating businesses: Deputy Minister of Finance

Interest rate support policy is specific, facilitating businesses: Deputy Minister of Finance

VCN - According to Decree 31, the interest rate support program is worth a maximum VND40,000 billion from the public budget.
Public Debt Strategy by 2030: towards public debt safety and national financial security

Public Debt Strategy by 2030: towards public debt safety and national financial security

VCN – The Public Debt Strategy Project by 2030 is one of the nine strategies in the finance sector’s strategic system which has been approved by the Prime Minister, and is an important basis to continue reforming public debt management in a sustainable an
Interest rate support: How to do it fast and right?

Interest rate support: How to do it fast and right?

VCN - It is estimated that hundreds of thousands of loans from enterprises, business households and cooperatives will benefit from the 2% interest rate support program from the State budget of VND 40,000 billion. But, enterprises and people are worried ab
Credit institutions must declare and pay taxes before collateral settlement

Credit institutions must declare and pay taxes before collateral settlement

VCN - If the taxpayer has not declared and paid enough tax to the customs authority, the credit institution must declare and fully pay tax, before collateral settlement.
Worries about potential bad debt in the future

Worries about potential bad debt in the future

VCN - By the end of the first quarter of 2022, the bad debt ratio at many banks has tended to increase, while many forecasts have raised concerns that this problem will increase when the potential bad debt and bad debt from the restructured debt will disc
Worried about potential bad debt in the future

Worried about potential bad debt in the future

VCN - By the end of the first quarter of 2022, the bad debt ratio at many banks tends to increase, while many forecasts have raised concerns that this problem will increase when potential bad debts and bad debts from restructuring "explode" in the last mo
New points in the Public Debt Strategy

New points in the Public Debt Strategy

VCN - The public debt strategy to 2030 which has been approved by the Government has set specific goals for the public debt management in the new period. To do this, the assessment of the impacts of loans on public debt balance, Government debt and debt r
ADB, TPB sign US$25 million loan to finance women-led SMES in Vietnam

ADB, TPB sign US$25 million loan to finance women-led SMES in Vietnam

The Asian Development Bank (ADB) signed a US$25 million loan with Tien Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and led small and medium-sized enterprises (WSMEs) in Viet Nam.
Reducing debt burden

Reducing debt burden

VCN - In the midst of the pandemic, many businesses are making efforts to repay trillions of dong of debt that is a bright spot in the picture of listed companies' debt.
Government repays VND209 trillion

Government repays VND209 trillion

VCN – The Ministry of Finance has reported on loan and public debt repayment in the first six months.
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