Non-performing loans (NPLs) of commercial banks were estimated at VND137.1 trillion (US$6.53 billion) by the end of April, accounting for 4.67 per cent of total loans, according to data from the State Bank of Viet Nam (SBV).

Implementing Circular No.11/2013/TT-NHNN dated May 15, 2013 on subsidy loans for social policy home purchasers and Document No. 3653/NHNN-TD dated May 22, 2013 on implementing Circulars on subsidy loans for social policy home purchasers in line with Resolution No. 02/NQ-CP, the State Bank of Vietnam (SBV) signed the contracts in principle on subsidy loans for social policy home purchasers with five commercial banks, namely Agribank, BIDV, Vietinbank, Vietcombank and MHB, in Hanoi on June 3.

Viet Nam Bank for Agriculture and Rural Development (Agribank) has officially launched a lending programme encompassing a VND30 trillion (US$1.4 billion) loans package for home buyers and realty developers.

The World Bank has approved financing from the International Development Association (IDA) worth US$250 million for Viet Nam to support a health system improvement project and research, science and technology innovation.

The State Bank of Vietnam (SBV) organized a press conference on the issues related to enterprises’ access to bank loans, lending interest and NPLs resolution. Deputy Governor Le Minh Hung chaired the meeting with the attendance of many economists and leaders of SBV entities and credit institutions.

The State Bank of Vietnam (SBV) and the Asian Development Bank (ADB) signed two agreements on loans and grant worth a total USD 249 million in Hanoi on May 24 in order to help Vietnam improve water supply services and upgrade roads.

Single-digit inflation should be maintained for three coming years to achieve the economic growth target, experts said at a Tuesday conference held by the Academy of Policy and Development.

The State Bank of Viet Nam denied speculation last week that it was preparing to adjust the exchange rate.

IT was becoming more and more important to the financial security and operational efficiency of banking services, State Bank of Viet Nam (SBV) Governor Nguyen Van Binh said at a banking technology conference in Ha Noi yesterday.

The State Bank of Viet Nam (SBV) has decided to cut interest rates used as management tools by 1 percentage point. The change, Deputy Governor Nguyen Dong Tien said, would take effect next Monday.