June 4, 2009
Vietnamâs central bank may keep its benchmark interest rate unchanged until the middle of next year, Standard Chartered Plc said, revising a previous forecast of a cut by this month. The UK-based bank had predicted in April that the State Bank of Vietnam would lower its key rate to 5 percent by the end of [...]
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April 11, 2009
The State Bank of Vietnamâs decision to cut the refinancing rate to 7 percent from 8 percent will make it cheaper for commercial banks’ cost of raising funds The State Bank of Vietnam lowered refinancing and discount rates to help combat a deepening economic slowdown. The bank cut the refinancing rate to 7 percent from [...]
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February 22, 2009
Vietnamese banksâ willingness to extend loans seems to be returning as a result of the governmentâs fiscal stimulus package, according to Standard Chartered Plc. Companies in Vietnam are more optimistic about the future of the countryâs economy than in other Asian nations, according to Standard Chartered Plc. The Vietnamese economy expanded 6.2 percent last year, [...]
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