Governor Nguyen Thi Hong: The mass withdrawal incident at SCB Bank had a strong impact
In 2023, in addition to the complex difficulties of the world economic situation, the mass withdrawal incident at SCB Bank at the end of 2022 will have a strong impact on liquidity and market psychology in 2023, according to the Governor of the State Bank of Vietnam Nguyen Thi Hong.
HCMC to hold meeting between banks and businesses this month
HCMC – A conference connecting commercial banks and HCMC-based businesses is slated for February 28, said an official of the HCMC Branch of the State Bank of Vietnam (SBV). The conference is intended to find ways to facilitate access to credit, help businesses overcome hardships and spur the
EVN borrows VND2.4 trillion for Ialy hydropower plant expansion
HCMC – The Vietnam Electricity Group (EVN) and the Vietnam Bank of Agriculture and Rural Development (Agribank) have signed a credit agreement worth VND2.4 trillion to develop the Ialy hydropower plant expansion project. The 14-year-term loan accounts for nearly 38% of the project’s total
Reaching out to foreign lenders
While access to capital remains a headache for local enterprises as they struggle to take out bank loans or get funding from the securities market, foreign capital has become a savior, helping cash-strapped companies maintain operations and recover in the coming years The An Gia Real Estate
BIDV profits down 16 pct
The consolidated profit of BIDV, Vietnam’s largest state-owned lender by assets, declined by 16 percent in 2020 to VND9 trillion ($390 million), despite a year-end surge in lending.