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SBV allows banks to expand credit room - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports


Update:
July, 17/2021 - 08:46
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A branch of Agribank. Photo dantri.com.vn
HÀ NỘI The State Bank of Việt Nam (SBV) has officially approved credit room extensions for some banks in line with fulfilling the Government’s policy of both managing the fight against the pandemic and continued economic development.
Instead of the 10-12 per cent allowed under the most recent current credit growth grants, some banks will be able to issue credit up to 14-15 per cent for the year.
Banks that have been allowed to expand credit are mostly pursuing Basel III standards and all have met the requirements of Basel II. ....

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VIETNAM BUSINESS NEWS JULY 16

VIETNAM BUSINESS NEWS JULY 16
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VIETNAM BUSINESS NEWS APRIL 20


VIETNAM BUSINESS NEWS APRIL 20
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 20/04/2021
  
09:14
GMT+7
Foreign investment into Vietnam up sharply
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One of the bright spots in the economy during the first quarter of this year was the positive results in FDI attraction and disbursement. Figures show that, in the first 3 months of the year, total foreign investment reached over 10 billion USD, up 18.5% over the same period of last year.
 
A representative of this company said it will pour investment in the millions of USD into Vietnam over the next few months. The capital will be used to expand the storage of vehicles and engines and invest in advanced technology regarding engine exhaust inspection systems for automatic vehicles. ....

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