As the international financial crisis has affected the economies of most developed countries, Britain’s central bank cut its benchmark interest rate on Thursday to a record low but the European Central Bank (ECB) left its borrowing rate steady. Pedestrians walk past the Bank of England in London February 5, 2009. The Bank of England cut [...]
The Saigon-Hanoi Joint Stock Bank (SHB) has been approved by the Hanoi Securities Trading Centre to list its 50 million shares worth VND 500 billion on the bourse. VietNamNet Bridge – The Saigon-Hanoi Joint Stock Bank (SHB) has been approved by the Hanoi Securities Trading Centre to list its 50 million shares worth VND 500 [...]
The governmentâs decision to provide a 4 percent subsidy on loans taken by businesses may have come into effect February 1 but commercial banks are still awaiting central bank guidelines for implementation of the scheme. They said they are waiting to find out how to register for and get the subsidies that are part of [...]
The central bank will continue to ease monetary policy this year, its governor said at a press briefing Monday, promising further cuts in the benchmark interest rates. The policy would be flexible to “stabilize the macro economy and prevent a [balance of payments] deficit,” Nguyen Van Giau said. He said credit growth would possibly be 3.2 [...]
The central bank will continue to ease monetary policy this year, its governor said at a press briefing Monday, promising further cuts in the benchmark interest rates. The policy would be flexible to âstabilize the macro economy and prevent a [balance of payments] deficit,â Nguyen Van Giau said.He said credit growth would possibly be 3.2 [...]
The Government agency responsible for overseeing the viability of Viet Nam’s banks wants the guarantee for deposits increased from VND50 million (US$2,850) to VND200 million ($11,400). A Government proposal aims to raise the threshold for guarantees on bank deposits.Lookatvietnam – The Government agency responsible for overseeing the viability of Viet Nam’s banks wants the guarantee [...]
Mekong Housing Bank was ordered by Vietnamâs government to sell shares this year, according to a statement posted on the governmentâs website. Deputy Prime Minister Nguyen Sinh Hung chose Dec. 31, 2008, as the starting date for evaluating the Ho Chi Minh City-based bankâs businesses, a preparatory step for its initial public offering, the statement [...]
Lookatvietnam – The State Bank of Viet Nam (SBV) lowered its benchmark interest rate by one and a half per cent to 7 per cent yesterday in the first reduction this year but the sixth since last October. Lookatvietnam – The State Bank of Viet Nam (SBV) lowered its benchmark interest rate by one and [...]
Lookatvietnam – The rates of interest on both bank loans and deposits are dropping in a positive sign for businesses.However, many enterprises are still hesitant to take out loans as they’ve yet to make any decisions on investment or expansion. The situation gives rise to the possibility of more adjustments to both basic and commercial [...]
The foreign currency black market in Hanoi remains hot, though it is December 28th of the Lunar Year, or just two days before Tet. The dollar price on the market today has increased by VND20/US$1 over yesterday. Foreign exchange shops this morning have raised the sale price of the dollar by tens of VND per [...]
