December 4, 2009
The development of tourism at My Son heritage site will be a major motivation for socio-economic progress in Duy Xuyen District in the central province of Quang Nam World heritage: People in Duy Xuyen District, Quang Nam Province gather yesterday to celebrate the tenth year since My Son was recognised by the United Nations Education, [...]
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November 14, 2009
LookAtVietnam – The second stimulus package, via a banking rate subsidy programme, could further exacerbate banks’ funding shortages. “With the first bank rate subsidy programme, the banking system has been facing a fund scarcity. Now the second is coming, it is hard to imagine how the system will cope,” said a Vietinbank official.The interbank market, [...]
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November 13, 2009
LookAtVietnam – Numerous banks are offering certificates of deposit and promotions to absorb idle money. At VIB, individual customers who have deposited money for more than one month are given free accident insurance with Bao Viet Insurance.Notably, banks have already raised annual deposit interest rates to 9.9 per cent, which has reduced their profit margin. [...]
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October 31, 2009
LookAtVietnam – The rollover of 2009 loan subsidy programme funds could be limited due to safety restrictions. Government bonds are being pointed to as a safe way for banks to lock up their excess fundsNguyen Thi Kim Thanh, head of the State Bank’s Banking Development Institute, said around VND10 trillion ($560 million) in short-term loans [...]
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August 4, 2009
LookAtVietnam – The prime rate will remain unchanged at 7 per cent for this month, the State Bank of Viet Nam said in a statement released yesterday, August 3. The prime rate will remain unchanged at 7% for this month.LookAtVietnam – The prime rate will remain unchanged at 7 per cent for this month, the [...]
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June 19, 2009
LookAtVietnam – The central bank will restrain credit growth this year to no more than 30 per cent, under a plan approved by the Government, State Bank of Viet Nam Governor Nguyen Van Giau said on Wednesday. In the first five months of the year, credit grew at an average rate of 14 per cent [...]
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June 14, 2009
LookAtVietnam – The forex market is heading into the safety zone as major players vow to keep the market in check. In a mid-year banking conference organised by the State Bank in May, three state-owned banks and joint stock bank Vietcombank reached a consensus to deeply cut their foreign currency mobilisation and lending rates. From [...]
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June 14, 2009
LookAtVietnam – The Ministry of Finance may adjust plans to sell government bonds following a series of failed auctions since early this year. Vice minister of Finance (MoF) Tran Van Hieu said that the economic slowdown and global financial crisis were hurting government bond auctions. “We will have other plans for bond issuances following these [...]
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June 12, 2009
LookAtVietnam – Viet Nam’s livestock industry aims to produce 5.5 million tonnes of meat, 14 billion eggs and more than 1 million tonnes of milk by 2020, a conference heard yesterday, June 11. The national plan aims at a per capita output of 56 kilos of meat, 140 eggs and more than 10 kilos of [...]
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June 4, 2009
Cashew nut exports drop 16% to $251mil; Ha Noi to host international car show; Weekly shipping service starts to US Vietnamese exports of cashews dropped 16.1 per cent to US$251 million in the first five months of this year compared to the same period last year. However, export volume was down just 1 per cent [...]
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