IFC and Welcome Financial Group (WFG) on June 27 launched a 60 million USD platform to address non-performing loans (NPLs) and enhance access to finance in Vietnam. This initiative will help defaulted borrowers rebuild creditworthiness.
Industrial production in Vietnam has shown signs of recovery and is believed to have a bright prospect in 2024 thanks to the global consumption rebound and support from the Government, ministries, and sectors.
The State Bank of Vietnam (SBV) will instruct credit institutions to collaborate closely with businesses to offer better credit access in the Central Highlands Region.
The state budget revenue stood at 875.8 trillion VND (37 billion USD) in the first half of 2023, equivalent to 54% of this year’s target, reported the Ministry of Finance (MoF).
Credit growth since the start of 2023 remains low, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said, blaming that fact on both subjective and objective causes.
Prime Minister Pham Minh Chinh has asked ministries, agencies and localities to drastically instruct the removal of obstacles to major projects, while stepping up inspections to handle limitations in production, business, construction investment and trade.
The State Bank of Vietnam (SBV) and credit institutions are set to augment efforts in the coming time so as to promote people and businesses’ access to credit.
Lack of capital and access to credit remain the most serious obstacles to the success of Vietnam’s small and medium enterprises (SMEs), a report by the Central Institute for Economic Management (CIEM)
Supporting businesses is among the focal tasks of the banking system from now to 2020, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
Small and medium-sized enterprises (SMEs) struggle to access credit due to various factors even though it would be conducive to the country's economic development.
