Credit growth

For instance, Techcombank reaffirmed its prime focus on real estate and personal lending, in which home loan accounts for 44 per cent of the retail debt structure. Techcombank only focuses on groups with high incomes and good repayment ability. For instance, Sun Group and Vingroup made up for a total 70 per cent market share, thus, the bank has chosen them as major customers in the resort segment. … [Read more...] about Banks bet on consumer credit growth

Accompanying the economy in the new normal period, HDBank has been offering many credit packages with preferential interest rates to support customers. The consumer finance segment at its member unit HD SAISON grew sustainably and efficiently with the loan balance as of June 30, 2020 expanding by 7.2 per cent year-to-date. Asset quality remained stable with improving NPL ratio year-over-year. … [Read more...] about HDBank first-half business results showing growth exceeding expectations

In the next 10 years, the number of enterprises supported with solutions to improve productivity and quality is expected to increase by 10-15 percent per year, of which the number of certificates for ISO 9001 quality management system and ISO 14001 environmental management system granted to businesses will increase at least 10 percent compared to the 2011-20 programme. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9

As of December 31, 2019, the total consolidated assets reached VND229.477 trillion ($9.98 billion). Owners’ equity reached VND20.381 trillion ($886.13 million), increasing by 21.1 per cent over the same period last year. Outstanding credit (including loans to customers and corporate bonds) reached VND153.004 trillion ($6.65 billion), higher than the average outstanding credit of the industry. In particular, the outstanding loans of the parent bank reached VND140.422 trillion ($6.1 billion), an increase of 18.1 per cent (in compliance with the growth as prescribed by the State Bank of Vietnam). … [Read more...] about HDBank reports profit at $218.1 million

During the five-year implementation of Directive No. 40-CT/TW, more than 10 million households have gained access to policy loans, with 2 million households escaping from poverty sustainably. Thanks to the loans, nearly 3.2 million households have accessed clean water and 131,000 built their own houses. Close to 318,000 students can continue with their study. Nearly 1 million people have gained jobs and 21,000 others can work abroad. … [Read more...] about New breakthroughs expected to be made in poverty reduction