Nevertheless, the SBV is mulling over changing the roadmap for adjusting the ratio of short-term funds used for medium and long-term loans, which was previously mentioned in Circular No.22/2019/TT-NHNN issued in November 2019 on limits and prudential ratios of banks and foreign bank branches. The SBV had demonstrated its determination to tighten credit for risky sectors like real estate. High-risk borrowers such as build-operate-transfer project investors would also find it harder to access loans. … [Read more...] about Banks bet on consumer credit growth
Shinhan bank vietnam
Bank service revenue to grow next year
Techcombank, VIB and Military Bank are currently the top three gainers in life insurance premium revenues in the banking industry. However, VDSC expects the market share will change next year when many new players with high reputation and large customer scale, such as Vietcombank and ACB, will also participate more actively in the business segment. … [Read more...] about Bank service revenue to grow next year
Despite lower interest rates, people still put money in banks
According to the latest deposit interest rate schedule in September, banks with highest deposit interest rates included the Saigon - Hanoi Commercial Joint Stock Bank (SHB) with a rate of up to 8.95 per cent per year for a 13-month term, the Viet Capital Commercial Joint Stock Bank (Viet Capital Bank) with a rate of 8.5 per cent per year for the same term, the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) with the rate of 8.4 per cent per year for 13 months and 24 months. … [Read more...] about Despite lower interest rates, people still put money in banks
VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 11
The granulated blast furnace slag is a by-product of the iron and steel production process using closed blast furnace technology. Due to the extremely rapid cooling with high pressure water, the granulated blast furnace slag is good for cement and concrete and has been used for a long time around the world as well as in Vietnam. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 11
VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 13
Nguyen Hoang Dung, an economist and former R&D director of the HCM City Institute of Economy and Management, said: "It is necessary to analyse the reasons why the recent support packages are difficult to disburse. If the conditions are too difficult, they can be relaxed. If banks or officials in charge of approving applications cause difficulties for businesses, that should be corrected immediately. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 13
