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9M credit growth at 7.17%
Banking & Finance

9M credit growth at 7.17%

Credit growth in the economy reached 7.17 per cent in the first nine months of the year, a 1.4-fold increase year-on-year. Though lending interest rates are low, credit growth remains slow due to Covid-19.
Banking & Finance

VIB & Microsoft come together

The Vietnam International Commercial Joint Stock Bank (VIB) has reached a three-year strategic cooperation agreement with Microsoft Vietnam, in which the bank will deploy a multi-cloud computing platform using Microsoft Azure as the primary cloud.
9M credit growth at 7.17%

9M credit growth at 7.17%

Credit growth in the economy reached 7.17 per cent in the first nine months of the year, a 1.4-fold increase year-on-year. Though lending interest rates are low, credit growth remains slow due to Covid-19.
Banks to offer new loans to airlines

Banks to offer new loans to airlines

In order for airlines to come back into operation, the State Bank of Vietnam has directed that commercial banks lend them a further VND30 trillion ($1.3 billion) in unsecured loans with reduced interest rates.
Lending rates expected to fall

Lending rates expected to fall

As the State Bank of Vietnam (SBV) has increased credit limits on commercial banks, lending interest rates are forecast to decline further from now to the end of the year.
Draft Circular to allow guarantees on future housing

Draft Circular to allow guarantees on future housing

A draft Circular on bank guarantees will not prohibit banks from implementing guarantees for houses to be formed in the future during the period of special control. The draft also specifies regulations on foreign exchange management in guarantees.
VIB & Microsoft come together

VIB & Microsoft come together

The Vietnam International Commercial Joint Stock Bank (VIB) has reached a three-year strategic cooperation agreement with Microsoft Vietnam, in which the bank will deploy a multi-cloud computing platform using Microsoft Azure as the primary cloud.
Q3 bank profits tipped to fall

Q3 bank profits tipped to fall

Yuanta Securities Vietnam has forecast that bank profits will fall 19 per cent in the third quarter compared to the second due to low lending growth and higher provisioning costs.

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