Majority of credit institutions expect profit growth in 2025

Majority of credit institutions expect profit growth in 2025

The majority of credit institutions forecast their business performance in the first quarter and the whole year of 2025 will be more positive than that last year, the latest survey of the State Bank of Vietnam (SBV) shows.

Legal framework critical to boosting green credit

The recent amendment of the plan on green banking development in Vietnam is expected to create conditions for credit institutions to effectively promote green credit.

Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.

Credit institutions urged to cut lending rates by 1-2%

The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth.

Majority of credit institutions forecast profit growth in 2024

A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).

Vietnam’s business sentiment in construction positive in 2024

Construction enterprises are bullish about the sector’s prospect in 2024, a recent survey by the Vietnam Report Joint Stock Company revealed.

Outstanding credit forecast to grow 14.2% this year

Outstanding credit of the banking system is forecast to increase 4.4% in the first quarter and 14.2% in 2024, up 0.4 percentage point from the previous prediction of 13.8%.

State bank's new circular facilitates lending to real estate projects

The State Bank of Vietnam (SBV) and the banking system always create favourable conditions to support real estate businesses and the property market to develop strongly and sustainably, said Pham Chi Quang, Director of the SBV’s Monetary Policy Department.

Central bank asks credit institutions to reduce interest rates

The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.

PM works with ministries, agencies on finance-banking activities

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.
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