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Vietnam tightens credit rules, impacting banks and big businesses



A new regulation under the amended Law on Credit Institutions, effective July 1, reduces bank credit limits for major clients, potentially impacting both banks and large enterprises. The credit limit for individual customers will decrease from 15% to 10%, and for groups of related customers from 25% to 15% by 2029, with annual reductions set at 1% and 2%, respectively. This change may lead to a decline in available loans, forcing large businesses to adjust their financing strategies. Experts suggest banks consider syndicated loans and cooperative financing to mitigate impacts. Notably, Vietcombank, BIDV, and VietinBank have collaboratively financed the USD1.8bn Long Thành International Airport project, demonstrating a move towards shared lending solutions.

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