Bank loans rise despite pandemic Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Đào Minh Tú said.

Detailed policies needed to help firms get loans

Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.

Q3 2021 bank profits forecast to decline by 19 per cent due to pandemic Profits of the banking industry in the third quarter of 2021 would decrease by 19 per cent compared to the previous quarter due to slowing credit growth and increasing provision expenses, Yuanta Securities Vietnam estimated.

Lack of human resources, funds prevents businesses from reopening Many businesses in the south have been allowed to reopen a few days ago but a worker shortage is preventing them from doing so.

Bank borrowers benefit from new debt extension policy Borrowers will be the beneficiary of a newly-issued State Bank of Vietnam (SBV) circular on extending debt rescheduling as it helps them to keep cash flows stable, experts said.

Banks tighten loans for real estate businesses The banking industry sharply reduced outstanding loans for real estate business in the first half of 2021 and will continue such limits in the second half.

Firms await new bank incentive policies Firms are expecting the central bank's new circular to help them gain access to more supporting loans.

BOT companies call for help amid pandemic

BOT investors have not only faced hardship due to the pandemic, but are also struggling with Ministry of Transport regulation of road tolls and State Bank of Việt Nam’s lending policies.

Banks continually cut lending rates to aid pandemic affected customers Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.

Commercial banks urged to meet rate cut commitments The State Bank of Vietnam (SBV) has requested commercial banks to reduce lending interest rates as per previous commitments.