Customers make their transactions at a Vietcombank branch in HCM City (Photo: tuoitre.vn)
Hanoi (VNA) - Credit would increase faster in the next few months thanks to new regulat🌸ions on lending, experts have forecast.
This year, the government is targeting a credit growth between 18 percent and 20 percent. However, lending rose only 4 percent by the end of April and then slipped back to about 3.8 percent by the middle of May.
However, after the issuance of new lending regulations recently, the Bao Viet Securities Company forecast that lending in both the dong and the United States dollar would receive a boost in the next few months.
On May 30, the State Bank of Vietnam (SBV) issued Circular 06/2016/TT-NHNN which raises the risk index of receivable lending for real estate and securities from the current 150 percent to only 200 percent, lower than the cap of 250 percent as proposed earlier by the SBV.
On the same day, the central bank also issued Circular 07/2016/TT-NHNN to supplement and amend some articles of the Circular 24/2015/TT-NHNN on providing foreign currency loans by credit institutions and foreign bank branches. Under the new regulation, from June 1, companies who have demands for short-term loans in foreign currency can borrow from banks to satisfy their short-term capital needs.
However, BVSC analysts also anticipated that the credit growth this year would be lower than the government’s plan, fluctuating between 15 percent and 17 percent as banks would be more careful with lending related to the areas with high risk loans such as real estate.
Dinh Duc Quang, deputy general director of Ocean Commercial Bank, said commercial banks tend to search the loan portfolio more stringently, especially after warnings about being careful of the growth of the real estate market.
Under a report released recently, the Institute for Economics and Policy Research (VEPR) also recommended to the central bank that it control credit growth and quality. It also suggested to the central bank to avoid maintaining a loose monetary policy for too long, which led to the formation of asset bubbles.
Concerning the return of high inflation, VEPR said that a credit growth target of 18 percent in 2016 is too high, suggesting that the central bank should consider a credit growth target for 2016 at 15 percent with credit flows aimed at the production areas.-VNA
The HCM City Real Estate Association (HOREA) has proposed the State Bank of Vietnam (SBV)'s regulations on lending limits and capital adequacy ratio requirements for credit institutions.
Long-awaited amendments to Circular 36/2014/TT-NHNN regulating prudential ratios for the operations of credit institutions and foreign bank branches were officially issued on May 27.
After numerous hikes in interest rates this year, joint stock commercial banks have cut deposit rates for the first time thanks to good liquidity amid a lending slowdown.
Export enterprises and commercial banks welcomed the State Bank of Vietnam (SBV)’s decision to allow credit institutions to resume provision of foreign currency loans two months after it was banned.
The Bank for Investment and Development of Vietnam (BIDV) on June 9 signed a sub-loan contract with four banks, who were selected for implementing the VnSAT project.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Customers make their transactions at a Vietcombank branch in HCM City (Photo: tuoitre.vn)
