SBV sets cashless payments as top priority for 2020 The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.

Credit institutions boost consumer lending before Tết

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.

Competition authority warns of online loan scams The Ministry of Industry and Trade’s Vietnam Competition Authority (VCA) has warned local consumers to be cautious about taking out online loans amid rampant scams.

Liquidating morgaged assets to recover bad debts still difficult

With the financial year drawing to a close, banks are busy selling mortgaged properties to resolve bad debts, recovering capital.

Unlicensed moneylending must be managed or just scrapped: NA discussion National Assembly (NA) deputies on Wednesday suggested the Government should tighten the management of loan collections.

SBV cuts interest rate for a second time since September Under SBV's Decision 2416, the annual interest rate was slashed by half a percentage point to 6.0 per cent for borrowers in priority sectors such as agriculture, export and supporting industries as well as hi-tech firms and small-to-medium-sized enterprises.

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CIMB Bank Singapore and iTrust to Roll out Blockchain Trade Financing with Transaction Flows of up to US$100 Million a Year for Corporate Clients CIMB Bank Singapore and iTrust to Roll out Blockchain Trade Financing with Transaction Flows of up to US$100 Million a Year for Corporate Clients

Soft loan policy helps disadvantaged students Nearly 16,000 disadvantaged students in the Cửu Long (Mekong) Delta province of Long An over the past five years have received soft loans worth a total of VNĐ420 billion (US$18 million) from the Việt Nam Bank for Social Policies (VBSP).

Banks get more support to cut interest rates

Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Việt Nam (SBV)’s agencies this week.