January 18, 2012
Many lenders in Vietnam are trying to attract individual clients Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On [...]
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October 17, 2011
An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Bank depositors are shifting their funds to other investment channels after the central bank ordered commercial banks to comply with a 14 percent ceiling on dong deposit interest rates. Several banks have said their deposits are [...]
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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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January 28, 2011
A client fills out a dollar deposit form at an Asia Commercial Bank branch in Ho Chi Minh City. Local banks are boosting interest rates on dollar deposits as they vie with each other to tap stronger remittances from overseas Vietnamese just before the Tet holiday. Bankers said the days before the biggest holiday of [...]
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January 25, 2010
LookAtVietnam – Commercial banks, which have been warned about difficulties in 2010, do not want to set overly high profit targets for 2010. The Government has sent a clear message that the credit growth rate in 2010 must not exceed 25 percent – a rate that is much lower than the 38-39 percent in 2009. [...]
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January 12, 2010
LookAtVietnam – Bank debt card holders are complaining they’ve been experiencing problems changing cards as requested by their banks. After hearing that his bank had begun issuing new Connect24 card with new bank identification number (BIN), Nguyen Xuan Toan, a customer of Vietcombank hurried along to change his card.Toan was concerned when he was told [...]
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January 11, 2010
Vietnam’s commercial banks have become more cautious with consumer lending this year as the country’s credit growth target has been set lower than 2009. LookAtVietnam – Vietnam’s commercial banks have become more cautious with consumer lending this year as the country’s credit growth target has been set lower than 2009. According to a credit manager, [...]
Tags: Commercial, consumer, Consumer Lending, Consumer Loans, credit, Credit Growth, His Bank, Interest rates, lending, loans, On Consumer Loans, percent, rates, Thanh nien, This year, Vietnam
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January 10, 2010
Vietnamâs commercial banks have become more cautious with consumer lending this year as the countryâs credit growth target has been set lower than 2009. According to a credit manager, interest rates on consumer loans have been set at between 16 and 17 percent a year, or around 2 percent higher than the beginning of the [...]
Tags: Commercial, consumer, Consumer Lending, Consumer Loans, credit, Credit Growth, His Bank, Interest rates, lending, loans, On Consumer Loans, percent, rates, This year, Vietnam
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December 26, 2009
Commercial banks say they are having liquidity problems with many depositors withdrawing their funds during the year-end holidays even as credit demand remains high. Many banks said they have raised dong deposit rates to 10.49 percent, the highest rate possible allowed by the central bank, but still faced difficulties raising funds for lending. The general [...]
Tags: banks, Central bank, credit, Credit Growth, director, Funds, General, General director, His Bank, lending, Liquidity, loans, Next Year, Of The Year, percent, Said They Have, The central, The central bank, The year
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December 25, 2009
Commercial banks say they are having liquidity problems with many depositors withdrawing their funds during the year-end holidays even as credit demand remains high. Many banks said they have raised dong deposit rates to 10.49 percent, the highest rate possible allowed by the central bank, but still faced difficulties raising funds for lending. The general [...]
Tags: banks, Central bank, credit, Credit Growth, director, Funds, General, General director, His Bank, lending, Liquidity, Liquidity Problems, loans, Next Year, Of The Year, percent, Said They Have, The central, The central bank, The year
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