To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Việt Nam (SBV) and other financial firms.
With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.
The State Bank of Việt Nam has licensed for BIDV-SuMi TRUST Leasing Company, the first finance leasing joint venture between a local bank and a foreign financial institution in the country.
The State Bank has coordinated with the International Finance Corporation (IFC) to prepare a handbook on social and environmental risk assessment for 10 economic sectors serving credit operations of commercial banks.
On April 11 the State Bank of Việt Nam decided to increase the rate of the US dollar it buys from credit institutions by VNĐ100 to VNĐ22,675.
The State Bank of Việt Nam (SBV) has approved Vietcombank’s proposal to issue bonds worth VNĐ8 trillion (US$353 million) in 2017.
The State Bank of Việt Nam (SBV) will stop the acquisition of commercial banks at zero đồng, which it did previously.
The Vietnam International Bank (VIB) aims to earn a pre-tax profit of VNĐ750 billion (US$33 million) in 2017, 7 per cent higher than last year’s figure.
Streamlining legal regulations and making a specific law on restructuring of credit institutions and settling bad debts are very necessary and must be done urgently, Prime Minister Nguyễn Xuân Phúc said.
Representatives from 21 commercial banks on Tuesday gathered in Hà Nội to discuss the interest rate, affirming that, so far, they are feeling no pressure on the issue.