Credit quality of real estate sector continues to be controlled
PolicyMr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam-Ho Chi Minh City Branch (SBV-HCMC Branch), reported that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year.
SBV keeps preferential interest rate for social housing unchanged
PolicyThe commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Viet Nam (SBV).
Banks warned of risks of accepting land as collateral
PolicyThe State Bank of Vietnam (SBV) has warned commercial banks of the risks associated with accepting land-use rights certificates as collateral for loans.
Banks auction mortgaged assets to recover bad debt
MarketCommercial banks are attempting to sell off a host of mortgaged assets, including real estate and cars, to speed up the settlement of huge bad debt.
Loans to BOT infrastructure projects pose risks of bad debts: Governor
PolicyThe central bank warned commercial banks of this issue two years ago.
Ratings needed to protect Vietnam’s corporate bond investors
InvestmentThough the corporate bond market really needs to be developed in order to reduce the dependence of the economy on commercial banks, corporate bond issuance must be transparent and secure.
