Property market expected to be safer thanks to central bank’s tight credit policy

Property industry insiders said the State Bank of Việt Nam’s decision to tighten credit would mean pain in the short term for developers but help the sector develop sustainably over the long term.

Sacombank holds Japan tour lucky draw On October 24 Sacombank held the lucky draw for its promotion programme “Hunting for good deal, winning Japan tours with Sacombank JCB" to identify the winners of the two first prizes of Japan tour vouchers worth VNĐ50 million (US$2,157) each and 14 winners of second prizes of travel coupons worth VNĐ5 million each.

PM urges ministries to avoid power cuts Many key electricity projects, especially large-scale projects that are expected to be completed in 2023, have been delayed, leading to a risk of electricity shortages from 2021.

SSI receives $55 million unsecured loan from abroad

SSI Securities Corporation (SSI) on Thursday signed an unsecured loan contract worth US$55 million with a financial institution group, led by Taiwan’s SinoPac Bank.

Social enterprises in need of more support

Detailed support policies were needed to promote the development of social enterprises, experts have said.

Higher loans limits could end loan-sharking: experts

Increasing the limits of unsecured loans given by banks will prevent people from approaching loan sharks, an online conference hosted by the State Bank of Việt Nam heard on Wednesday.

More banks permitted to expand credit growth

The State Bank of Việt Nam (SBV) recently decided to allow more commercial banks to expand their credit growth limits in 2018.

Banks expect higher credit growth limits

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Việt Nam (SBV) recently.

Tight monetary policy won't have big impact

The State Bank of Việt Nam has shown it is determined to continue with a tight monetary policy for the rest of the year with its decision to refuse to increase bank’s credit limits to constrain inflation and strictly control lending to high-risk sectors.   

Credit limits for farmers without mortgages doubled

The Vietnamese Government has doubled the credit limits for farmers who seek loans without mortgage assets, as part of efforts to boost rural and agriculture development.