Vietnam Bank News

Vietnam Bank Directory

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates

Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Banking News & Financial Services News
Get the latest banking news headlines from Find in-depth Vietnam coverage from banking, investing, financial, stock market, and more abou Vietnam banking system, bank for industry and trade, Vietnam banking sector.

Central bank tells banks to assist small firms, farmers   2009-01-05 - Thanh Nien

The central bank, bidding to combat an economic slowdown, has urged lenders to provide low-interest loans to small- and medium-sized companies, exporters and farmers.


In a statement posted on its website last week, the State Bank of Vietnam (SBV) told banks to lend to companies that produce or distribute essential goods for Tet (Lunar New Year), in an effort to prevent shortages and keep prices stable during the country’s most important festival.

It asked them not to impose penalties on overdue loans on small-and medium-sized enterprises facing difficulties because of the global turmoil.

Commercial banks and other financial institutions should extend overdue loans for farmers hit by natural calamities and struggling enterprises, it added.

The government has set an economic growth target of 6.5 percent for this year, up from 6.2 percent in 2008, the slowest rate in nine years.

Other Banking News

SBV discourages capital mobilisation in foreign currencies   2009-01-05

10 most outstanding features of the banking market in 2008   2008-12-30

Banks likely to fall short of revenue targets   2008-12-29

Int’l banking cooperation yields fruitful results   2008-12-29

Sacombank won’t buy the IFC parcel on the block: chairman   2008-12-29

Banks will be able to fulfill capital increase plan   2008-12-22

Banks begin cutting interest rates again   2008-12-22

Banks decide to come to the party   2008-12-21

The paradoxes in the foreign currency market   2008-12-18

Most VN banks have internal audits   2008-12-15

Banks prepare for tough year ahead with lowered targets   2008-12-15

Lawyers: ACB illegally accessed investor’s account   2008-12-11

Bank interest rates going down, bonds becoming more attractive   2008-12-11

Banks moving ahead with capital increase plans   2008-12-11