Từ khóa: #STATE

(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) - The last few years has seen a decline in revenue across most businesses, especially those in real estate, where the pressure of corporate bonds maturing within this year has many enterprises fearing a state of insolvency. Although the Government has now announced many rescue measures and solutions, the effect is still to be seen.

(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) - All throughout 2022, Vietnamese enterprises faced endless frustration and disappointment in trying to access loans with preferential interest rates and exhausted their attempts to seek extension of support policies such as for VAT reduction.

(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) - All forecasts for 2023 indicate that the stock market will continue to be inundated with uncertainties, challenges, and many unprecedented risks due to rising global inflation and a substantially reduced amount of leverage from corporate bonds. However, this does not mean that investors will not be able to reap lucrative profits at the stock market in the coming year.

(SGI) - Businesses have for long faced a crunch of capital and difficulty in accessing credit from 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) - The end of the year is always a time to accelerate pace of production across many industries, for both export and domestic consumption. 

(SGI) - Hundreds of housing projects in Ho Chi Minh City are currently entangled in legal procedures. Experts predict that the real estate market is now entering a recession phase. 

(SGI) - On the occasion of Vietnam Entrepreneurs Day on 13 October, Dr. NGUYỄN ĐÌNH CUNG, former director of the Central Institute for Economic Management, said in his talk with Saigon Investment, that it is necessary to remove institutional bottlenecks that are holding back private enterprises from growing despite their many efforts.

(SGI) - Soon after the US Federal Reserve (FED) raised the interest rate by 0.75% for the third consecutive time on 21 September, the Dollar Index (DXY) hit an all-time high in the last 20 years. 

(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. 

(SGI) - The temporary shortage of petroleum supply in the domestic market in recent years mainly stems from rigid management. 

(SGI) - An increase of Special Consumption Tax (SCT) is being considered by the Government while financial experts are proposing a mixed tax method to cover various goals.

Although Decree 31/2022/ND-CP of the State Government offers support to businesses, cooperatives, and business householders at 2% interest rate when borrowing from commercial banks, there is still a strict criterion in place. Decree 31 is a lifesaver for businesses and individuals to recover production back to normal, but the interest rate is not favorable for everyone.

The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate, such as net withdrawal of hundreds of billions of dongs through the treasury bill channels, selling of foreign currency from reserves, and in adjusting the US dollar selling price.

The valuation of land is a bottleneck in the equitization process for state-owned enterprises (SOEs). However, even after the equitization process is complete many businesses still face losses with some business leaders even having to appear in court to explain several land related entanglements and issues.

(SGI) - The State Bank of Vietnam has plans to offer e-lending facilities and has recently made amendments to a draft for Circular 39/2016/TT-NHNN for the supplementing of a number of articles in it. This will pave the way for commercial banks to compete with several booming online lending platforms in the market today.