Loose monetary policy: is it truly needed? British lender Standard Chartered Bank has cut its forecast for Việt Nam’s GDP growth this year to 4.7 per cent from its previous 6.5 per cent.

Real estate industry has a hard time getting back on its feet post-COVID Real estate businesses in HCM City are gingerly reopening, mostly consulting and carrying out transactions online due to the COVID-19 prevention and control regulations still in force.

Enterprises call for Government support due to lack of capital amid pandemic

For businesses, to resume operation, capital for production is one of the most important issues besides the shortage of labourers.

Draft circular to prevent banks from hiding bad debts

The State Bank of Vietnam (SBV) expects new draft regulations on debt purchase and sale of credit institutions will prevent the institutions from hiding bad debts.

Offshore wind power needs more support to benefit Việt Nam While experts say offshore wind power could be a good choice for Việt Nam to replace coal power, they are urging an extension of the feed-in tariff (FiT) programme.

HDBank rolls out online loan package for small businesses at 4.99 per cent interest The HCM City Development Joint Stock Commercial Bank (HDBank) has unveiled an online preferential credit package of VNĐ5 trillion (US$220 million) with an interest rate of only 4.99 per cent.

Securities companies rush to promote margin lending The recent flourish of the stock market is pushing demand for margin loans, thus securities companies are preparing capital increases to meet the borrowing demand of investors.

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.

Pandemic spurs digital banking transformation, helps create new services he pandemic has forced the banking sector to speed up digitalisation and contactless banking, said Nguyễn Quốc Hùng, general secretary of the Vietnam Banks Association during an online conference on the digitalisation of banking and finance in Việt Nam on Thursday.