The Governor of State Bank of Vietnam on August 15 issued document No 6368/NHNN-TD asking commercial banks to boost lending for food and foodstuff production. The governor requests local banks to strictly follow Resolution 11/NQ-CP to prioritize capital to production and businesses. Banks should actively balance capital sources to spare loans for agriculture, livestock facilities [...]
Aug 16 2011 | Posted in
Banking-Finance |
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A source from the State Bank of Vietnam said that since late April, the central bank has purchased $1 billion US dollars from the commercial banks at prices ranging from 20,600 to 20,700 dong/US dollar. This means the SBV has let an amount of 20.6 trillion dong flowing into the commercial banking system.The starting point [...]
May 24 2011 | Posted in
Banking-Finance |
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Vietnamese and Lao banks should strengthen experience exchange and investment cooperation, making practical contributions to bilateral ties as well as the development of each country. Deputy Prime Minister Nguyen Sinh Hung made this statement while receiving the Governor of the Central Bank of Laos (CBL), Bounsong Sommalavong in Hanoi on May 23. Deputy PM Hung [...]
May 24 2011 | Posted in
Banking-Finance |
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The State Bank of Vietnam (SBV) said that it would prioritize loans of about 460 trillion dong on the sectors of production and business, agriculture and rural areas, export, supporting industry and small and medium sized enterprises (SMEs) this year. The central bank’s governor, Nguyen Van Giau said that although this year’s credit growth is [...]
Mar 28 2011 | Posted in
Banking-Finance |
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The State Bank of Vietnam on Friday reiterated its order to commercial lenders to cut back on credit for non-production companies and focus on providing loans for small businesses and the agriculture sector. According to a statement on the central bank’s website, its branches around the country will inspect local banks to make sure that [...]
Mar 26 2011 | Posted in
Banking-Finance |
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The State Bank of Vietnam said on Tuesday it will double reserve requirements for banks which fail to bring down their credit growth this year, as policymakers try to curb double-digit inflation. Banks are required to reduce loans for non-production activities to 22 percent of total credit by June 30 and to 16 percent by [...]
Mar 2 2011 | Posted in
Banking-Finance |
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