Strengthening the role of deposit insurers in protecting financial consumers
Financial consumer protection is one of the important tools to increase people's access to finance, and at the same time to ensure the legitimate interests of financial consumers as well as...
26/11/2021
Interest rates likely to fall to 7 percent: State Bank Governor
Mobilization interest rates may fall to 7 percent in mid-2013, said governor of the State Bank of Vietnam (SBV), Nguyen Van Binh, at a meeting with businesses in Ho Chi Minh City on July 28.
31/07/2012
Vietnamese prefer savings to spending
VGP – Up to 66% of Vietnamese people want to deposit cash in banks instead of spending, according to Nielsen's Q2 2012 Consumer Confidence Index.
31/07/2012
Credit institutions and foreign bank branches required to report credit programs and products
The State Bank of Vietnam (SBV) issued Document No. 4474/NHNN on July 23 to require credit institutions and foreign bank branches to report their credit programs and products.
26/07/2012
Vietnam c.bank says to stabilize lending rates for at least one year
Governor of the Vietnamese central bank, Nguyen Van Binh, has committed to keep lending rates at 15% a year for at least one year and to do his best to ensure interest rate stability for a couple of years to pull the economy out of the doldrums .
26/07/2012
Credit growth of Hanoi banks in July estimated at 2.65pct month-on-month
Hanoi Statistics Office has recently said that the total deposits of Hanoi-based credit institutions in July are estimated to have reached 843,912 trillion dong, rising 2.49 percent from the previous month and 2.69 percent from December 2011.
26/07/2012
Irrecoverable debts of banks on the rise
The State Bank of Vietnam (SBV) on July 12 said that as of May 31, 2012, bad debts (according to the report of credit institutions) were 117 trillion dong, accounting for 4.47 percent of the total loans.
26/07/2012
Small banks finding hard to reduce lending interest rate on old loans
Commercial banks that have en masse reduced the lending interest rate are mainly lenders in Group 1 and 2, however small banks are finding it hard to carry out this policy.
23/07/2012
Commercial banks still hesitant to reduce interest rates for old debts
No one can say for sure that commercial banks will accept the loan interest rate of 15 percent per annum to be applied for the old debts, even though this is the instruction given by the State Bank of Vietnam (SBV).
23/07/2012