Enterprises in financial distress
To secure enough capital for business operations, a wooden product exporter to the U.S. and the EU had to agree to secure a loan of VND10 billion with an annual interest rate of over 9%, instead of 5-6% as in previous years, said its director. The firm applied for the loan last year, but only […]
PM asks SBV to lower loan interest rates
HCMC – Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nation’s central bank, to slash interest rates, make loans more accessible and focus on lending to key economic sectors. This was done at the regular Government meeting held yesterday when PM Chim emphasized the
The credit growth puzzle
The fact that banks have refrained from lending does not result from their concerns over the credit growth cap since it has already been revised up without any abrupt surge in new loans. There are other factors influencing how banks lend. The 2022 target As of December 21, credit growth in the
F88 secures US$60 million loan
HCMC – Personal financial service provider F88 has secured a loan worth US$60 million, or nearly VND1.5 trillion, from two international financial organizations. Of the total, US$50 million is borrowed from CLSA Capital Partners via Lending Ark Asia Secured Private Debt Funds, and the balance from