Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Finance  >> Supervision required to handle new credit
NEW UPDATES Asean Affairs  24 June 2015  

Supervision required to handle new credit

Prime Minister Nguyen Tan Dung has directed the State Bank of Viet Nam to enhance regular inspections and monitoring for compliance with the regulations on credit extension and using the credit limit.

This move is aimed at better management of non-performing loans (NPLs).

Under the decision, the PM required the central bank to provide more supervision to ensure the lending of credit institutions is effective, used for its intended purpose and safe as well as to ensure timely detection and handling of violations by credit institutions.

The central bank in collaboration with the relevant agencies will appraise the situation and take responsibility before the prime minister for proposals to grant credit that exceeds the limits in some cases.

It must direct credit institutions to strengthen monitoring, surveillance and inspection after lending to enhance credit quality as well as to report the debt collection each month to the central bank for supervision.

According to the central bank, NPLs have dropped from 17.21 per cent in September 2012 to 4.83 per cent by the end of last year. The loans are equal to roughly VND214.9 trillion (US$9.9 billion).

The central bank plans to bring down the NPLs to under 3 per cent by the end of this year.

Slight rise

According to the Ha Noi Statistics Office, the city's credit totalled some VND1,100 trillion ($52.38 billion) in the first half of this year.

The figure, which was recorded this month, rose by 0.3 per cent from last month and was up 9 per cent compared with December last year, meeting more than half of the annual target of 13-15 per cent.

In June, short-term outstanding loans are estimated to rise by 0.2 per cent from May 2015 and 8.7 per cent from December 2014, while medium and long-term outstanding loans are estimated to climb by 0.4 per cent and 9.5 per cent, respectively.

In HCM City, credit in H1 is estimated to rise 5.4 per cent against December last year, the highest growth rate in recent years, according to the central bank's HCM City branch.

However, the NPL ratio was still high, at over 5 per cent of total outstanding loans.

By the end of April 2015, the city's banks had roughly VND53.5 trillion ($2.46 billion) worth of NPLs after selling more than VND2 trillion ($92.16 million) worth of NPLs to Viet Nam Asset Management Company.--VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           June  23 , 2015 Subsribe Now !
• Supervision required to handle new credit  Subcribe: Asean Affairs Global Magazine
• Govt tells Garuda to double fleet in 5 years 
• Consumer prices in Singapore fell 0.4% in May
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Govt revises down GDP growth forecast
• Costs thwart potential exports
Asean Analysis                   June 24, 2015
• Asean Analysis June 24, 2015
Silk Road Tourism addressed in Xian/China
Advertise Your Brand

Asean Stock Watch  June 23,   2015
• Asean Stock Watch-June  23, 2015
The Biweekly Update
• The Biweekly Update June 12, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand