SBV plans to remove deposit rate cap
The central bank’s move aims at boosting lending by cutting the financial expenses for banks, thus reducing the borrowing costs for local businesses
The central bank’s move aims at boosting lending by cutting the financial expenses for banks, thus reducing the borrowing costs for local businesses
Bad debt is not a problem, as it is an outcome of any economic development process. How to clean it up as fast as possible to pave the way for a recovery is the problem
Though in absolute number, it has just risen by some VND1 trillion ($48 million), or 1 percent of the country’s total bad debt
The restructuring of nine ailing local commercial banks is well on track, said a newly released report of the Government