April 27, 2011
The dollar weakened in Vietnam in recent days due to “abundant” supply after the central bank capped rates payable on deposits in the US currency, the government said Wednesday in a statement. The State Bank of Vietnam’s limits took effect April 13, restricting rates for individuals to 3 percent and those for non-credit institutions [...]
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January 25, 2010
A panel advertising interest rates of 10.49 percent on dong deposits outside a SeABank office in Ho Chi Minh Cityâs District 1. The ongoing liquidity crunch is forcing commercial banks to break the law on interest rates in order to raise enough funds for lending, experts say. They are offering bonus percentage points on deposits [...]
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December 20, 2009
LookAtVietnam – Legislators on Thursday continued to criticize the government’s plan to eliminate a benchmark used to calculate interest rates in Vietnam for years. Phung Quoc Hien, chairman of the National Assembly Finance and Budget Committee, said the key rate was an effective instrument that helps put the market under control.“The key rate has acted [...]
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December 19, 2009
Legislators on Thursday continued to criticize the governmentâs plan to eliminate a benchmark used to calculate interest rates in Vietnam for years. Phung Quoc Hien, chairman of the National Assembly Finance and Budget Committee, said the key rate was an effective instrument that helps put the market under control.âThe key rate has acted as a [...]
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December 3, 2009
Vietnamâs government has told international organizations that it has shifted its economic focus toward stability, saying it will tighten its monetary policy and work to improve the balance of payments. Vietnam will âtransfer from a loose monetary policy to a cautious, flexible policy, to ensure a reasonable credit growth rate, thus supporting the targets of [...]
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December 2, 2009
Banks are proving reluctant to raise deposit interest rates, despite the State Bank of Vietnam “green light” raising of basic interest rates to eight percent. Deputy general director of Nam Viet Bank Nguyen Giang Nam said the highest interest rates to be offered by the bank will be 10.5 percent per annum which many banks [...]
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November 21, 2009
A man walks past a panel showing deposit rates outside a VietABank office in Ho Chi Minh City Legislators have criticized a plan to eliminate the key rate used to calculate interest in Vietnamâs banking system, saying the financial market would spin out of control without the benchmark. At a National Assembly meeting early this [...]
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August 13, 2009
A roadside stall selling wildlife meat in the central Da Nang City. Vietnamâs voracious appetite for wild meat is pushing several rare species to extinction, experts have warned. The protection and preservation of wildlife in Vietnam should be prioritized, they urged at a conference Wednesday, calling for enforcement of strict measures against illegal trade in [...]
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August 9, 2009
Provincial leaders map out key facilities to welcome Nam Dinh investors. LookAtVietnam – Northern Nam Dinh province, about 90 kilometres south of Hanoi, has pledged a series of favourable conditions for industrial park investors. Northern Nam Dinh province, about 90 kilometres south of Hanoi, has pledged a series of favourable conditions for industrial park investors. [...]
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August 3, 2009
VietNamNet Bridge – Looking ahead, securities investors are of two minds. On one hand, they are optimistic about domestic recovery, but on the other, they fear return of high inflation and a tightening up of bank credit to would-be securities investors. In July 2009, the State Bank of Vietnam made adjustments to monetary policies that have [...]
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Vietnam says to move away from loose monetary policy
Vietnamâs government has told international organizations that it has shifted its economic focus toward stability, saying it will tighten its monetary policy and work to improve the balance of payments. Vietnam will âtransfer from a loose monetary policy to a cautious, flexible policy, to ensure a reasonable credit growth rate, thus supporting the targets of [...]
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