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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March 28, 2011
A client buys US dollars at a bank in Ho Chi Minh City The State Bank of Vietnam said it has not made any decision on allowing banks to charge transaction fees when selling foreign currency to individuals. Some newspapers have reported that such a fee would be charged, but at this point that’s just a [...]
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October 19, 2009
For a long time, banks only targeted big clients. Now several are successfully wooing small wage earners. Hai, a small merchant at Nguyen Van Troi Market in HCM City’s District 3, carefully counted bank notes before she went to a Dong A Bank branch. For the last two months, Hai has been depositing her receipts [...]
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October 8, 2009
LookAtVietnam – Though commercial banks have tightened consumer credit it still remains a key product. Banks prefer providing consumer loans because they can lend at negotiable interest rates. With other types of loans there’s less profit attached because they cannot lend at more than 10.5 percent per month.The demand for loans from individual clients has [...]
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May 29, 2009
VietNamNet Bridge – The construction material market has been heating up after half a year of slow sales. Producers and suppliers are hurrying to raise sale prices, even though they still have big stocks. Hung, a big contractor specialising in civil works, said that his three groups of workers have been extraordinarily busy over the [...]
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February 10, 2009
Right after SBV removed the ceiling interest rate on consumer credit, commercial banks rushed to launch several thousand billion VND of new consumer credit programmes onto the market. It is clear that individual clients now have more opportunities than in 2008 to access bank loansPhung Duy Khuong, Deputy General Director of East Asia Bank, said [...]
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