Vietnam unlikely to loosen lending
10:18 | 17/09/2015 Finance - Banking
Despite low inflation this year, the Government should remain cautious when offering support to boost economic growth, said director of the State Bank of Vietnam's Credit Department, Nguyen Tien Dong.
Eight-month credit growth reaches 10.23%
14:16 | 16/09/2015 Finance - Banking
Credit growth from early this year to August 31 increased 10.23% compared to the end of 2014, a double increase in comparison with the growth rate of the same period last year, according to Director of the State Bank of Vietnam's Credit Department, Dang Tien Dong.
Coping with China’s yuan devaluation
11:47 | 09/09/2015 Finance - Banking
(VEN) - China’s devaluation of the yuan has affected Vietnamese businesses. For this reason, the Ministry of Industry and Trade has recommended that businesses take urgent measures to mitigate the adverse affects of the devaluation.
Banks face tough balancing act
11:03 | 08/09/2015 Finance - Banking
Credit this year has grown robustly and might surpass the 15-17 per cent annual target, however, commercial banks will find it difficult to balance lending and deposit sources, according to experts.