Từ khóa: #credit institutions

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State Bank of Vietnam considering online loan facility

The State Bank of Vietnam has plans to offer e-lending facilities and has recently made amendments to a draft for Circular 39/2016/TT-NHNN for the supplementing of a number of articles in it. This will pave the way for commercial banks to compete with several booming online lending platforms in the market today. 
Banking industry inundated with bad debts

Banking industry inundated with bad debts

A report submitted to the National Assembly for extending the application period for Resolution 42/2017/QH14 on bad debts settlement by credit institutions (CIs) states that bad debts as of August 15, 2017, were at VND541.6 trillion.
Unresolved bad debt remains at high level

Unresolved bad debt remains at high level

Although the results of bad debt settlement, according to Resolution No.42/2017/QH14 dated June 21, 2017, of the National Assembly on piloting bad debt settlement of credit institutions for nearly five years are at a high level of VND380.2 trillion (US$16.44 billion), unresolved bad debt by December 31, 2021, remains high at VND412.67 trillion.
Capital flow into real estate should not be blocked

Capital flow into real estate should not be blocked

Some banks have announced to stop providing real estate loans, and the corporate bond channel to attract capital for real estate has also been tightened. Faced with this situation, experts raised many financial and capital solutions to reduce risks and develop a sustainable and stable real estate market at the seminar on "Controlling capital into real estate - Policy and impact" held by the Ministry of Construction, on May 11, in Hanoi.
Around US$30.7 billion poured into economy

Around US$30.7 billion poured into economy

Credit growth reached 6.75 percent as of the end of April 25 while credit institutions poured VND705,000 billion (US$30.7 billion) into the economy, according to the State Bank of Vietnam.
Remittances to HCMC total US$6.6 billion last year

Remittances to HCMC total US$6.6 billion last year

Remittances to Ho Chi Minh City reached around US$6.6 billion in 2021, up 9 percent from the previous year, according to Nguyen Hoang Minh, head of the Vietnam Banks Association’s Office in HCMC.
Maintaining credit growth but controlling risks

Maintaining credit growth but controlling risks

Deputy Director of the SBV Monetary Policy Department Bui Thuy Hang said that the credit balance of the whole economy by November 25 increased by 10.1 percent compared to the end of last year.