Bad debts kept rising in five months
Bad debts in the banking system in the first five months of 2024 continued to increase by some 75.9 trillion VND (3 billion USD) against the end of 2023.
This year's credit growth target achievable: experts
As of June 30, credit expanded 6% compared to the end of 2023 while total outstanding loans approximated 14.4 quadrillion VND (563.3 billion USD), a positive signal showing this year's credit growth target of 14 - 15% is within reach, experts said.
Banks urged to lower lending rates to stimulate growth
Prime Minister Pham Minh Chinh has called for appropriate solutions to reduce lending rates as credit growth in between January and March dipped to 0.9 percent.
Credit offers on the rise nearing Tet
High demand during the Tet shopping season has prompted commercial banks to introduce credit offers worth hundreds of billions VND for consumers, said industry experts and insiders.
Consumer credit needs legal framework: Experts
It is critical to develop a proper legal framework for consumer credit to protect the legitimate rights of both borrowers and lenders, experts have said.
Credit growth slowing down, raising fear of business contraction
Credit growth in the first months of this year slowed significantly due to high interest rates and firms’ poor health, raising concerns about rising bad debts.
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