Consumer lending faces challenges

Quick Summary:

HANOI: The development of consumer lending is still facing many challenges as many consumer debts have become bad debts.

The SBV will continue to direct credit institutions to concentrate capital resources and to promptly and fully meet people’s legal loan needs.

Stronger export and import growth is forecast in the second half of this year for Vietnam, opening a new period of credit growth.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaVietnam

Topics: Rates Growth Credit Lending Debts Year Capital Interest Finance Institutions Consumer

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 07:00:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21739965

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 52 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 44 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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