(SGI) - On the afternoon of 14 March, many investors were left startled when the State Bank of Vietnam decided to reduce the operating interest rate and the short-term lending interest rate of credit institutions for a number of economic sectors from 5.5 per cent per year to 5.0 per cent per year. The immediate effect led to the stock market exploding by 2.1 percentage points in the session on 15 March.
(SGI) - The State Bank of Vietnam had conducted unexpected inspections in 2022 of eleven credit institutions and issued a number of sanctions against them for administrative violations with banks.
(SGI) - Global recession has no doubt had an impact in the economy which is continuing to tackle many challenges. However, other difficulties that are plaguing several businesses, especially real estate businesses, is the situation in the corporate bonds market.
(SGI) - Since the beginning of March 2023, commercial banks have reduced deposit interest rates which has been contrary to forecasts made by many domestic and foreign investment organizations who believed that the interest rates may increase when the Federal Reserve (FED) raises the interest rate yet again.
(SGI) - When some representatives of real estate enterprises began to complain of difficulties that they were facing in receiving capital, the head of the State Bank of Vietnam categorically stated that the State Bank of Vietnam has not yet issued a statement on the tightening of credit for real estate businesses, as lending solely depends on appraisal by credit institutions for businesses that can still ensure safe operations.
(SGI) - As per Decree 31/2022/ND-CP of the Government and Circular 03/2022/TT-NHNN of the State Bank of Vietnam, the VND 40,000 bln interest rate support package from the state budget is expected to help businesses access cheap capital to recover in the post-pandemic phase.
(SGI) - International capital has flowed into many Vietnamese banks in 2022, which is a good sign indicating the capacity of domestic joint stock commercial banks.
(SGI) - Economic instability across the entire globe is bound to affect Vietnam as well. Although economic data for Vietnam shows that difficulties have been overcome, but the fact remains that scores of businesses are still struggling.
(SGI) - Money transactions have become so much easier with banks now offering digital banking facilities to all. Simple money transactions have become very popular and opening a new digital bank account takes only a few minutes.
(SGI) - Many financial experts are now blaming rising interest rates by central banks across the world and the current geopolitical changes across the globe for the drastic plunge in liquidity in the stock market.
(SGI) - Liquidity in banks is currently under great stress after overnight interbank interest rates neared 8% a year, and the interest rate on market 1 is also rising day by day.
(SGI) - Corporate bond issuance for enterprises has become more tightly regulated after Decree 65/2022/ND-CP of the Government came into effect from 16 September 2022.
(SGI) - The State Bank of Vietnam has announced adjustment of credit limit for 2022 for fifteen commercial banks by 1% to 4%, and at the same time requested banks to step up disbursement of the 2% interest rate support package as per Decree 31/2022/ND-CP.
(ĐTTCO) - Dù chưa được NHNN cấp phép, các công ty công nghệ tài chính (fintech) đang hoạt động cho vay ngang hàng (P2P Lending) tại Việt Nam vẫn hoạt động cấp tín dụng rầm rộ. Trong khi đó, sanbox (cơ chế thử nghiệm có kiểm soát) tạo hành lang pháp lý cho fintech nói chung và P2P Lending nói riêng, đến nay vẫn chưa có.