January 28, 2010
The decision by SBV to maintain the basic interest rate means that the difficulties in capital mobilization will not be improved in the near future. The basic interest rate for February 2010 will still be eight percent. A joint stock bank director told Dau Tu reporters that the decision was really a surprise to commercial banks. [...]
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January 27, 2010
LookAtVietnam – Commercial banks are proposing the ceiling interest rate scheme is removed, saying it has caused major difficulties in capital mobilization and lending. According to the governor of the State Bank of Vietnam Nguyen Van Giau, five out of 16 banks in HCM City have been found to have outstanding loans double the mobilized [...]
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January 25, 2010
LookAtVietnam – SME Association Chair Cao Si Kiem has lodged a complaint with the central bank about overly high lending interest rates and “black credit” at banks. The hottest topic of discussion last week was “black credit” at commercial banks, referring to banks providing loans at interest rates higher than quoted rates and ceiling rates as stipulated [...]
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January 19, 2010
LookAtVietnam – It has been rumoured that the State Bank of Vietnam may raise the basic interest rate in January 2010. While the State Bank of Vietnam (SBV) has not confirmed or denied the rumour, securities companies have already begun arguing that SBV has no reason to raise the basic interest rate. According to Tran Hai [...]
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December 29, 2009
LookAtVietnam – Dr Tran Du Lich stressed that in 2010, a credit growth rate of 25 percent would be reasonable. Dr Tran Du LichDr Tran Du Lich is a Member of the National Advisory Council for Monetary Policies. Dau tu chung khoan: The Government has decided that the credit growth rate in 2010 would be curbed [...]
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December 28, 2009
LookAtVietnam – The Secretary General of the Vietnam Banking Association (VNBA) claims the liquidity difficulties are temporary. Secretary General Duong Thu Huong, in the interview given to Dau Tu Chung Khoan, stated that the demand for capital always increases in the fourth quarter, when businesses make payments as well as disbursement and clear stocks. Commercial [...]
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December 24, 2009
LookAtVietnam – Though the State Bank of Vietnam has applied stable interest and exchange rate policies in 2009, the market still see-sawed at times. Monetary policies stable For 2009, monetary policies became more stable than in 2008, when policies were adjusted regularly. In 2008, the basic interest rate was adjusted eight times, the compulsory reserve ratio [...]
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December 15, 2009
LookAtVietnam – Though commercial banks have raised deposit interest rates with the central bank’s blessing, still there’s no upsurge in deposits. A State Bank circular in early December that raised the ‘basic interest rate’ from seven to eight percent per annum has allowed banks to raise both the deposit and lending interest rates they charge [...]
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December 8, 2009
LookAtVietnam – Economists believe that there will not be big changes in interest rate policy before the end of the first quarter of 2010. Short term deposits have high interest rates Thanh, a depositor in Go Vap District in HCM City, tried to find a bank which offered high interest rates at more than 10.5 percent [...]
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December 4, 2009
LookAtVietnam – The central bank’s decision on raising basic interest rates has triggered a wave of new interest rate increases. Most commercial banks have raised deposit interest rates after the decision on basic interest rate increaseGiang, a small merchant in Hoc Mon District in HCM City has been concerned since yesterday morning, after she received [...]
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