On May 11, the State Bank of Vietnam (SBV) and the People's Committee of Ho Chi Minh City jointly organized a conference to discuss monetary and credit solutions to support and promote the economy of the Southeast region.
Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.
The State Bank of Vietnam yesterday held a press conference in the capital city of Hanoi to introduce two books “History of the banking system of Vietnam for period 1951-2021” and “History of Vietnam Dong paper money”.
The negative impacts of the Covid-19 pandemic have been heavily affecting enterprises, especially small and medium-sized enterprises (SMEs). Most SMEs are short of money to put into production and business. The credit growth of the banking industry in the first six months of this year was quite low, so banks are actively pushing capital into this segment.
Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu yesterday advised customers not to follow rumors and withdraw their money to prevent damage as the banking system is operating very well with only few banks still facing some problems.
