Want to be in the loop?
subscribe to
our notification
Business News
Q1 CREDIT GROWS SHARPLY
Unlike in previous years, credit had risen to a record high of 3.14% in the year to March 23 compared to end-2016, up from 1.79% in the same period last year, according to the central bank.
The State Bank of Vietnam (SBV) said on April 5 that first-quarter credit went mainly to production and business activities, with outstanding loans making up about 80% of the total in the banking system.
By March 23, money supply had increased by 3.36% and capital raising by the banking sector had picked up 3.07 % against the end of 2016. Liquidity at banks was guaranteed and interbank operations went well.
At present, the interest rates for deposits of six months or shorter range from 4.8% to 5.4% per year. For savings with tenors from six months to less than 12 months, the rates are 5.6-6.7% while those with a term of over 12 months are 6.7-7.4%.
Lending rates now range from 6% to 9% for short tenors and from 9% to 11% for medium and long terms. For good clients, short-term loan interest rates are 4-5%.
As for the restructuring of banks and the settlement of bad debt, the central bank said solving the bad debt issue continued to be a priority in the first months of 2017. Bad debt accounted for less than 3% of total outstanding loans in the system.
Concerning the VND100 trillion credit package for high-tech agriculture at the request of the Government, the central bank said it would issue a decision telling banks to make loans available from April 2017 with annual interest rates that are 0.5 to 1.5 percentage points lower than normal levels.
This credit program does not enjoy any subsidy from the Government. It favors those having sound projects and business plans, and getting involved in high-tech agriculture and clean industry.
The Government has asked the Ministry of Natural Resources and Environment and the Ministry of Justice to finalize guidelines for the issuance of certificates of ownership of assets on agricultural land so that those assets can be used as collateral for bank loans.
Source: The Saigon Times
Related News
MEMBER CORNER / PROMOTIONS
SAFETY IS LIFE – DISCIPLINE IS STRENGTH
At Phuc Vuong, we believe that no project is more important than human life. To us, safety is not just a slogan; it is a vital principle with no exceptions. All these efforts serve one simple goal: to ensure every colleague can work with peace of mind, and every worker returns home safe and sound after every shift. This is our highest commitment and the sustainable foundation that Phuc Vuong always upholds.
MEMBER CORNER / PROMOTIONS
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
HOSPITALITY / TOURISM / ENTERTAINMENT
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS
Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
Events Sponsors
