Posts Tagged ‘ Long Term Loans ’

Vietnam to limit bank lending from short-term funds

August 11, 2009
Vietnam to limit bank lending from short-term funds

Tellers count money at a Viet Bank branch in Ho Chi Minh City. Vietnam will restrict commercial banks from giving loans with short-term funds to ensure the stability of the banking system, according to a statement on the central bank’s website Monday. State Bank of Vietnam Governor Nguyen Van Giau has set a maximum limit [...]

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Bad debt ratio of banks creeping up

July 22, 2009
Bad debt ratio of banks creeping up

The State Bank of Vietnam has announced the bad debt ratio of the banking system at 2.52 percent of total outstanding loans, an increase of 0.35 percent over the end of 2008. Should this be worrying? According to Le Xuan Nghia, Deputy Chairman of the National Committee for Finance Supervision, the announced bad debt ratio, [...]

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Vietnam caps big banks’ 2009 credit growth at 25 percent

July 18, 2009
Vietnam caps big banks’ 2009 credit growth at 25 percent

A worker cleans an ATM booth of VietinBank in Ho Chi Minh City. The State Bank of Vietnam has asked the country’s biggest lenders to restrict loan growth this year at 25 percent on accelerating inflation concerns. The Lao Dong newspaper on Friday cited a central bank report as saying state-owned banks and two partly [...]

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Medium- and long-term interest rate subsidy programme going slowly

June 12, 2009
Medium- and long-term interest rate subsidy programme going slowly

VietNamNet Bridge – While disbursement under the short-term interest rate subsidy programme has been very successful with a high volume of capital loaned, the medium- and long-term interest rate subsidy programme has been going very slowly. Statistics show that 331,906 billion dong has been disbursed under the short-term interest rate subsidy programme. Meanwhile, the preferential [...]

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Interest rates on bank loans keep rising

May 11, 2009
Interest rates on bank loans keep rising

LookAtVietnam – Banks continue to increase interest rates on mobilized loans, sending them soaring almost non-stop.According to the State Bank of Vietnam (SBV), the monetary situation was stable last week as interest rates offered by a number of commercial banks for VND capital mobilised on a 12 month or longer term only increased by 0.2-0.5 [...]

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Businesses struggle to access city backed loans

April 13, 2009
Businesses struggle to access city backed loans

LookAtVietnam – Many businesses, particularly small-and medium-sized, have found it difficult to access bank loans through HCM City’s economic stimulus program, said many participants at a meeting between businesses and commercial banks held on April 9 in HCMC. LookAtVietnam – Many businesses, particularly small-and medium-sized, have found it difficult to access bank loans through HCM [...]

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Long-term interest rate subsidy programme revivifying

April 7, 2009
Long-term interest rate subsidy programme revivifying

VietNamNet Bridge – The news that the government has decided to apply the 4% interest rate subsidy programme for medium- and long-term loans as well has been applauded by businesses. Ho Huu Hanh, Director of the HCM City Branch of the State Bank of Vietnam, said that commercial banks feel happy about the news, as [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...