Vietnamese banks’ total lending rose 4.81% as of Sept. 16 from the end of last year, the State Bank of Vietnam said on Tuesday.
Vietnamese stock markets had a good start on Monday, largely led by gains in financial shares and heavy-weight stocks.
Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB) has filed to list more than 1.75 billion shares on the Ho Chi Minh Stock Exchange.
The World Bank expected the government to stimulate the recovery in the short term and preserve fiscal and debt sustainability in the longer term.
The Asian Development Bank (ADB) has approved a $127.8 million loan to help expand the Cambodian power grid at a time when the government is making significant progress in expanding lower-cost power generation, a press release said.
Vietnamese shares ended the week on a positive note as third-quarter earnings expectations propelled capital into banking, securities, technology and consumer sectors.
Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Viet Nam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.
Vietnamese shares advanced on Friday morning, led by financial-banking and technology sectors.
The Bank for Development and Investment of Viet Nam (BIDV) and the KBIZ Viet Nam Federation of Korea SMES (KBIZ-VN) signed a comprehensive co-operation agreement on Thursday in Ha Noi.
The State Bank of Viet Nam (SBV) should develop policies for commercial banks, helping them disburse capital mobilised from organisations and people, said economic expert Nguyen Minh Phong.