January 20, 2012
Many banks in Vietnam fear that bad debts could rise this year. Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank [...]
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December 30, 2011
Strong small banks should be allowed greater lending growth A local commercial bank’s employee counts money next to piles of dong notes in Hanoi on Monday The application of different credit caps on different banks based on their operational capacity is expected to correct a situation where banks with customers cannot offer loans while [...]
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November 15, 2011
 Several economists are saying the government should not commit itself to any gross domestic product target, adding economic growth cannot be a forced process. Vietnam should just follow other countries and release regular economic forecasts instead, they suggest. Vu Quang Viet, who has worked with the United Nations Statistical Division, said GDP growth [...]
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September 9, 2011
The central bank has capped credit growth at 20 percent this year The National Financial Supervisory Committee says Vietnam’s credit growth target should be revised down to 15 percent to ensure loans do not expand too fast in the next few months, putting economic stability at risk. The central bank has capped credit growth at 20 [...]
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August 11, 2011
There is room for as much as VND300 trillion for additional credit Slow credit growth in the first seven months of this year has left room for banks to start boosting lending, but bankers say it’s not that easy. While large banks no longer have enough money to lend out, smaller lenders with ample funds [...]
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February 25, 2011
An investor checks stock movements at an exchange in Ho Chi Minh City. Many investors have dumped shares this week as news of a power price hike starting March triggered inflation worries. In addition, the slower credit growth target could restrict lending for investment in the stock market, experts say. The Ho Chi Minh Stock [...]
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February 21, 2011
Vietnam’s stocks tumbled the most since November 2009 after the government said it will raise electricity prices by a record 15.3 percent, spurring concern the government will step up measures to curb inflation. The Ho Chi Minh City Stock Exchange’s VN Index slumped 4 percent, the most among Asian benchmark gauges today, to 483.68 [...]
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January 2, 2010
When the State Bank announced a 30 per cent credit growth target for 2009, some banking experts thought back to 2007. In 2007, the authority also set a 30 per cent credit growth target, which in reality turned out to be 52 per cent. The same scenario happened in 2009 as credit expansion finally reached [...]
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October 1, 2009
Vietnamâs gross domestic product grew 4.56 percent in the first nine months this year Vietnamâs economy needs to expand by more than 6.8 percent in the fourth quarter to realize the annual growth target of more than five percent, Prime Minister Nguyen Tan Dung said in a statement Thursday. To achieve the yearâs target, all [...]
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September 14, 2009
LookAtVietnam – Favourable corporate news helped domestic stock indices advance last week, despite mixed trading on both the Ha Noi and HCM City bourses. In HCM City last week, foreign investors were net sellers of 5.4 million shares, with a net value of about VND217 billion. In Ha Noi, foreign investors finished the week as [...]
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