Regaining trust essential to bolster growth of credit

Regaining trust essential to bolster growth of credit

Some banks are at times reluctant to lend, regardless of their financial standing. Tran Ngoc Bau, CEO of WiGroup, a major provider of economic data and fintech solutions, talked to VIR’s Nhue Man about credit bottlenecks in the current context and how to boost credit growth in a healthy manner.
Credit quality rise heads up business help

Credit quality rise heads up business help

Low growth in credit in the economy has prompted the government to continue taking drastic action in favour of enterprises who are struggling with access to capital.
Credit risks can be erased with fresh law

Credit risks can be erased with fresh law

Vietnam’s National Assembly has passed the Law on Credit Institutions, reflecting shifts in developments in green growth, heightened market risks, and recent legal violations in finance and real estate.
More solid guarantees crucial for credit landscape

More solid guarantees crucial for credit landscape

Economist Nguyen Tri Hieu talked with VIR’s Nhue Man about the factors behind the current credit environment in Vietnam, the motivation to fuel total aggregate demand, and how to boost credit growth.
PM urges further rate cuts, improved credit access to remove obstacles, promote growth

PM urges further rate cuts, improved credit access to remove obstacles, promote growth

Prime Minister Phạm Minh Chính chairs the meeting to implement monetary policy management tasks in 2024, which focuses on removing difficulties for production and business to promote growth and ensure macroeconomic stability.
Safeguards to be met with credit reform

Safeguards to be met with credit reform

Vietnam’s new banking reform regulations introduces stringent ownership limits for individual and organisational shareholders in credit institutions to mitigate risks associated with cross-ownership and enhance financial stability.
Ho Chi Minh City needs to start carbon credit market quickly

Ho Chi Minh City needs to start carbon credit market quickly

Ho Chi Minh City has a great opportunity to reduce emissions and promote green growth.
Gaps closed thanks to credit law reforms

Gaps closed thanks to credit law reforms

Vietnam’s revised Law on Credit Institutions introduces broad reforms aimed at enhancing banking sector governance, transparency, and efficiency.
Outstanding credit forecast to grow 14.2 per cent this year

Outstanding credit forecast to grow 14.2 per cent this year

Outstanding credit of the banking system is forecast to increase 4.4 per cent in the first quarter and 14.2 per cent in 2024, up 0.4 percentage point from the previous prediction of 13.8 per cent.
Strategic plans in need for credit limits

Strategic plans in need for credit limits

Abolishing the credit growth limits in Vietnam could necessitate a strategic roadmap and the development of effective alternative tools to ensure financial stability and progress, some analysts have said.
The tools to withstand challenges in credit growth

The tools to withstand challenges in credit growth

The ability to repay debt and collateral assets is currently a tough landscape. Economist Le Xuan Nghia talked to VIR’s Nhue Man about the prospects of abolishing credit limits in creating economic efficiency.
Meeting customer needs bolsters Vietcombank

Meeting customer needs bolsters Vietcombank

It is the time of the year that the demand for credit often soars to keep abreast with demand from individuals and businesses at the year-end. Nguyen Thanh Tung, CEO of Vietcombank, scrutinised the lender’s measures to bolster credit growth and surmount challenges in the current context with VIR’s Nhue Man.
New rating agency approval shores up credit confidence

New rating agency approval shores up credit confidence

Vietnam’s corporate bond market is set for a transformative leap with the entrance of a new credit rating agency, paving the way for renewed confidence and alignment with global standards.
Borrowing trends reflect weak demand

Borrowing trends reflect weak demand

While multiple banks are creating liquidity by allowing customers to borrow to repay other banks, experts assess that this may not increase overall credit.
PM orders measures to increase businesses’ credit access

PM orders measures to increase businesses’ credit access

Prime Minister Pham Minh Chinh on July 27 signed to issue a document clarifying measures to enhance businesses’ access to credit.
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