Banks to tighten collateral and credit rating criteria
Risk management criteria, particularly the requirements for "collateral" and "minimum credit rating," are expected to be slightly tightened.
Central bank proposes 2% loan support for green and ESG projects
Eligible borrowers would include entities undertaking projects certified as green, circular, or ESG-compliant.
Solutions needed to help SMEs gain access to credit
Only 25% of SMEs can access bank loans.
Unlocking credit for agricultural cooperatives
At the “Opening micro-credit for small and medium-sized enterprises and cooperatives to serve the production, processing and consumption of agricultural products” forum held on July 28 by the Agricultural Product Connection Management Team 970 at the Ministry of Agriculture and Rural Development, participants said capital was a concern for cooperatives but they have difficulties accessing loans.
Pandemic hits bank loans
Covid-19 has had an impact on bank loans, with a number of regulations from the State Bank of Vietnam relating to debt structure no longer being appropriate. Banks have therefore made a number of proposals and recommendations to address the problems they face.