Homepage

Banking & Finance

Environmental risk management in credit granting promoted
Banking & Finance

Environmental risk management in credit granting promoted

Many credit institutions in Vietnam have cooperated with and received technical support from international financial institutions to develop regulations on environmental risk management when granting credit. Green growth and sustainable development have therefore become trends and goals for every country to aspire to, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a seminar on promulgating a Circular guiding environmental risk management in the credit granting activities of credit institutions.
Banking & Finance

Mixed results for brokerages

The share held by stock companies in the brokerage market is no indicator of profit, with some of those possessing a large market share posting small profits and vice-versa. Profit margins are also quite different.
SBV releases new regulations on debt purchases

SBV releases new regulations on debt purchases

The State Bank of Vietnam (SBV) has released a draft regulation on the debt trading and purchase activities of credit institutions and foreign bank branches. The new regulations ensure transparent and substantive debt purchases and prevent abuse of debt trading and purchase to hide bad debts.
Debt trading floor to open on Oct. 15

Debt trading floor to open on Oct. 15

The Vietnam Asset Management Company Limited (VAMC) will open a debt trading floor on October 15. The floor will provide a new, professional, and effective service for bad debt settlement, in order to fully handle bad debts and promote the development of a debt trading market. The first session of the floor is expected to see at least VND3 trillion ($132 million) worth of bad debts traded.
Little chance of Evergrande crisis affecting Vietnam

Little chance of Evergrande crisis affecting Vietnam

According to Mr. Michael Kokalari, VinaCapital’s Chief Economist, the conditions and business practices in the Chinese and Vietnamese real estate markets are not the same, so the chance that the Evergrande debt crisis in China will affect Vietnam is negligible.
Financial support to help businesses recover

Financial support to help businesses recover

With the difficulties facing businesses being primarily due to a lack of cash flow, it is necessary to introduce a rapid and large-scale interest rate stimulus package. It is also possible to use foreign currency reserves to revive businesses instead of issuing bonds, experts told the “Brave, creative and responsible enterprises against the pandemic” online forum held on October 11.
Bank interest exemptions and reductions at $1.2 bln

Bank interest exemptions and reductions at $1.2 bln

As of October 7, credit in the entire banking sector had increased only 7.42 per cent compared to the end of 2020. From January 23, 2020 to the end of September, the total amount of interest exemptions and reductions to support businesses was VND27 trillion ($1.2 billion).
9M tax inspections just half of plan

9M tax inspections just half of plan

It is difficult to inspect, examine, and collect tax debts due to ongoing social distancing measures. There had been only 46,752 such inspections carried out this year as of the end of September, or 51 per cent of the plan.

Most viewed