Vietnam Plans Inspection On Commercial Lenders from June 6
The State Bank of Vietnam (SBV), the country’s central bank, will start an inspection on all commercial banks across the country from June 10 until the end of this year, the SBV said on its website June 6.
The inspection is aimed to gauge the extent of banks’ cooperation with the government’s loan-subsidy stimulus program, their foreign currency trading, and general credit activities.
As of June 6, banks and financial companies in Vietnam had extended subsidized loans to VND331.906 trillion since early February, the SBV reported. (Vietnam Economic Times)
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