September 20, 2011
Employees at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, attend to customers in Hanoi. Several commercial banks announced lending interest rate cuts, but companies complain they are being denied access to the lower rates. Major lenders like VietinBank and Vietcombank have lowered dong lending rates for loans to businesses and manufacturers to [...]
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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 24, 2009
LookAtVietnam – With difficulties in locating capital from the public, commercial banks are seeking capital in the interbank market, pushing up the interbank interest rates. According to the State Bank of Vietnam (SBV), interest rates on the interbank market are increasing, with average interest rates reaching over 10 percent per annum. Six month term loans [...]
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December 15, 2009
LookAtVietnam – The supply and demand of dollars is still far from balanced, despite strong commitments by SBV and commercial banks to sell dollars and stabilize the market. SBV has committed to sell foreign currencies to banks with shortages of minus five percent and higher. Meanwhile, the eight largest commercial banks have committed to sell [...]
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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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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 26, 2009
VietNamNet Bridge – Commercial banks profits have proved to be lower than previous months as was anticipated. In the first months of the year, banks updated information about profits regularly. However many are yet to provide figures for October even though November is nearly over. Analysts say it’s because figures are not as “beautiful” as [...]
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November 26, 2009
LookAtVietnam – State owned commercial banks have come to an agreement that deposit interest rates will not be higher than 10.5 percent. Right after the State Bank of Vietnam raised the basic interest rate from seven to eight percent per annum, thus raising the ceiling interest rate to 12 percent from 10.5 percent, economists warned [...]
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