November 24, 2009
LookAtVietnam – Though commercial banks still have room to provide loans to fund securities investments, they are increasingly indifferent. Commercial banks lost interest in securities loans after the State Bank of Vietnam (SBV) released a decision stipulating banks must apply the ceiling interest rate scheme in funding securities loans. This meant banks could only lend [...]
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July 9, 2009
Unlike two months ago, when applications for borrowing money for securities investments came rapid-fire, securities investors are now very cautious when contacting banks for loans. Au Viet announced that it, in cooperation with the HCM City Housing Bank, began providing loans to securities investors on June 23. The lending interest rate is 1 percent per [...]
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June 5, 2009
The State Bank of Vietnam (SBV) has denied the opinion that money from the interest rate subsidy programme has been used for wrong purposes or going to the stock market. Director of the Monetary Statistics and Forecasting Department under SBV Nguyen Huu Nghia affirmed that no big cash volume from the demand stimulus package has [...]
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June 5, 2009
The State Bank of Vietnam (SBV) has denied the opinion that money from the interest rate subsidy programme has been used for wrong purposes or going to the stock market. Director of the Monetary Statistics and Forecasting Department under SBV Nguyen Huu Nghia affirmed that no big cash volume from the demand stimulus package has [...]
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May 29, 2009
If banks are prohibited from loaning to fund securities investments, which many think is likely, will finance companies be able to pick up the slack and provide enough capital to support the development of the stock market? The director of a securities company said that because his company provides many kinds of services on giving [...]
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May 21, 2009
VietNamNet Bridge – The draft law on credit institutions being compiled prohibits commercial banks from loaning to fund securities investments. Under the current regulations, commercial banks are allowed to give loans to fund securities investments, provided that outstanding loans are not higher than 20% of their chartered capital. The limit of 20% is considered a way [...]
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February 26, 2009
Commercial banks have resumed loaning to fund securities investments, but they have not attracted many clients. Securities investors seem to be indifferent. Banks have been pushing up loansHDBank has announced a package of VND400bil ($23.5mil)it plans to loan to fund securities investments with securities themselves being the mortgaged assets. The VND400bil is part of a [...]
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