The competition to gain a larger share in the consumer finance market is heating up as rising capital demand before Lunar New Year is an opportunity for both banks and finance companies to boost the business segment.
Private organisations will be encouraged to provide credit information services in Việt Nam to improve transparency in the credit information market, under a new draft decree.
Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Việt Nam (SBV) takes effect.
Analysts have recently been bombarded with a question by investors: will bank shares continue to be attractive this year?
The Government will double the credit limit for poor people seeking loans without collateral, as part of efforts to reduce poverty and prevent loan sharks.
Last August Prime Minister Nguyễn Xuân Phúc issued Decision No.986/QĐ-TTg on the Development Strategy of the Banking Sector.