| DOCUMENT NO. 8844/NHNN-CSTT ABOUT CREDIT ACTIVITIES IN MONTHENDS OF YEAR 2011 |
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As the above stipulation, the State Bank requires credit institutions and foreign banks (hereinafter referred to as credit institutions) to meet the demand of the economic capital with reasonable interest rates, especially for production and agriculture operations. In addition, outstanding loans are needed to be tightly controlled in non-manufacturing sector, however eliminating a number of consumer demand and real estate investment in some specific cases. Specifically, the funds allocated to promptly meet the loan demand for agriculture and rural areas, especially the farmers produce winter-spring crop, exports, industry and support capital for small and medium enterprises. In case the credit extended to these areas make credit growth exceeded 20% in 2011, banks must report to the State Bank of Vietnam for consideration.
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INTEREST CEILING RATE REDUCED TO 12 % PER YEAR SINCE 11/04.
INTEREST RATE FOR ONE –WEEK TERM BELOW 10%/YEAR .
SVB ISSUED CIRCULAR 07 WHICH LIMITED BANKS “HOARDING” FOREIGN CURRENCY.
RESTRICT OWNING MULTI BANKS .
STATE BANK PUBLISH BANKS’ BAD DEBTS.
DOCUMENT NO. 8844/NHNN-CSTT ABOUT CREDIT ACTIVITIES IN MONTHENDS OF YEAR 2011.
CONDITIONAL REFINANCING FOR SMALL BANKS.
