Banks ask for higher credit quota to prepare for peak lending season

Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Việt Nam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.

Ministers, local leaders urged to enhance public investment disbursement Ministers and leaders of people’s committees of cities and provinces nationwide are required to remove difficulties and promote the disbursement of public investment as well as production, business and consumption.

Regional financial co-operation vital in the fight against COVID-19 Regional and financial co-operation are crucial to strengthen the coordination and respond to the impacts of the COVID-19 pandemic and support a sustained economic recovery, participants agreed at a meeting held Friday in Hà Nội.

VPBank and Proparco co-operate to promote green credit in Việt Nam VPBank and Proparco - the private sector financing branch of Agence Française de Développement (AFD) have signed a US$50 million loan with the aim of supporting climate-friendly initiatives, green and energy efficient projects, as well as small-and-medium enterprises (SMEs) in the country.

Sacombank accelerates digital transformation of HR with SAP SuccessFactors Saigon Thuong Tin Commercial Join Stock Bank (SACOMBANK), Việt Nam’s fifth largest private bank in terms of total assets, announced on September 17 it had signed an agreement with HR Path, a leading global human resources services provider, for implementing SAP SuccessFactors solutions.

Keeping NPLs ratio below 3 per cent a challenge: experts The COVID-19 pandemic is weighing on the banking system’s non-performing loans (NPLs), requiring significant effort to keep NPLs ratio below three per cent by the end of this year as targeted by the Government.

Companies collect $1.7 billion via bond issuance in August

Companies collected a total of VNĐ38.4 trillion (US$1.7 billion) via bond issuances in August, according to statistics from the Hà Nội Stock Exchange (HNX).

City to revoke long-delayed projects

HCM City authorities are planning to revoke “long-delayed or projects that are no longer feasible” that have affected thousands of home owners who have been asked to move to make way for these projects.    

Steering committee set up to promote financial inclusion Prime Minister Nguyễn Xuân Phúc has signed a decision to set up a national steering committee to promote financial inclusion in Việt Nam.

NA Standing Committee reviews crime prevention and legal violations The National Assembly Standing Committee yesterday discussed the 2020 working reports compiled by the Supreme People's Court and Supreme People's Procuracy, as well as Government reports on crime prevention and legal violations, judgment enforcement and anti-corruption work in 2020.