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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.
State Audit to conduct 168 audits in 2022

State Audit to conduct 168 audits in 2022

The State Audit Office of Vietnam will conduct 168 audits in 2022. Among others, there will be 17 audits at the State Bank of Vietnam, nine in State economic groups, and seven at commercial banks and other financial and credit institutions.
$1.3 bln raised in September corporate bond issuances

$1.3 bln raised in September corporate bond issuances

Forty-two corporate bond issuances were conducted in September, mobilizing VND29.734 trillion ($1.3 billion). The real estate group attracted VND8.394 trillion ($369.56 million) in private placements with high interest rates. Experts, however, have warned that this may be the beginning of a “Vietnamese Evergrande”.
Tax debts up due to Covid-19

Tax debts up due to Covid-19

Tax payments continue to be delayed as taxpayers still face difficulties in production and business. Tax debts as of September 30 totaled nearly VND118 trillion ($5.2 billion), an increase of 23.5 per cent compared to December 31, 2020.
SBV sets 2021 credit growth target of 12%

SBV sets 2021 credit growth target of 12%

The State Bank of Vietnam (SBV) has set a credit growth target of around 12 per cent for 2021 and believes that although credit in areas of risk is growing rapidly it remains under control.
Interbank interest rates generally stable

Interbank interest rates generally stable

With abundant liquidity in the system and the continuous addition of VND from foreign currency repurchase contracts, interbank interest rates are expected to not fluctuate to any great extent. In the long term, however, they may be under a degree of upwards pressure, especially at the end of the year.
Bank deposit rates considered low

Bank deposit rates considered low

According to the Bao Viet Securities Company (BVSC), large-scale joint-stock commercial banks are currently offering the lowest deposit interest rates since 2017. Experts believe that rates will not be able to be increased before the end of the year.

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