Tiếng Việt

Bad bank debts cast shadow over profit outlook

Several banks have posted low profit growth in the first quarter (Q1) of this year, with some even seeing negative growth, mostly due to a spike in non-performing loans (NPLs), leading to soaring provisioning costs.

Credit growth projected to reach 14-15% in 2023

The State Bank of Vietnam (SBV) has expected credit growth to hit 14-15% this year, leaving a possibility that it might adjust the orientation to suit the actual business situation and developments.

Central bank to raise credit limit, banks slash interest rates

The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14 per cent limit on December 5.

Law expected to be revised to improve safety of the banking system

The SBV expected the amendment of the Law on Credit Institutions will prevent cross-ownership and governance abuse of major shareholders to manipulate the operations of credit institutions.

Retail segment brightens bank profit picture

Many banks have unveiled their third-quarter business results, showing a spike in their profits, leveraging well-conceived retail lending development strategy amid restricted credit line.

Central bank raises interest rates by 1%

The State Bank of Viet Nam has decided to raise key interest rates by 1 percent, effective from October 25.