The lending interest rates have returned to the interest rate before the Covid-19 epidemic, but the credit in the first 7 months of the year only grew by 4.03 percent, reaching one-third of the plan of the year.
Approximately 2,304 officials, civil servants and public employees were transferred to new positions in the fight against corruption in Ho Chi Minh City.
The Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business outlined three growth scenarios for Vietnam's economic growth in 2023.
Each bank is required to review its banking system while giving tough penalties on those who require customers to buy insurance that is not really necessary when granting credit to customers, and approving loans to customers in accordance with regulations, according to the State Bank of Vietnam’s request.
A recent trend of borrowing foreign unsecured loans for businesses and investment activities of securities companies has become quite popular as it allows cheap capital to flow freely. This has also become an important capital source which is contributing to more growth of liquidity in the domestic stock market.
On March 16, the State Bank of Vietnam (SBV) said that the Governor of the State Bank of Vietnam has requested commercial banks to proactively balance capital sources, consider creating conditions for increasing credit limits for key petroleum trading enterprises in the Ministry of Industry and Trade’s list published on the Ministry’s website, especially those assigned to increase petroleum import volume.
Despite the negative impacts of the Covid-19 pandemic, the credit of the country economy in 2021 witnessed an increase of 13 percent compared to last year. The bad news is an unavoidable rise of bad debts in many banks.
The State Bank of Vietnam will reserve enough capital for production in HCMC, said Deputy Director of the State Bank of Vietnam in Ho Chi Minh City Nguyen Hoang Minh at the seminar “ Where small enterprises can find capital?” on July 18.
