Posts Tagged ‘ Interest Rate Subsidy Programme ’

Government needs to seek long-term strategies, not just temporary ‘fixes’

May 22, 2009
Government needs to seek long-term strategies, not just temporary ‘fixes’

Talking Economics Committee Chair Ha Van Hien said that it is necessary not only to carry out temporary measures, but also to build up long term overall strategies on economic development. Economics Committee Chair Ha Van Hien The demand stimulus measures are not yet fully effective; they have only been in effect for a few [...]

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Farmer support programme: Money not yet reaching farmers

May 21, 2009
Farmer support programme: Money not yet reaching farmers

Farmers still do not know whom they should contact and what formalities they have to complete to borrow capital under the programme on supporting farmers in the purchase of agricultural equipment and materials. Farmers still do not know whom they should contact and what formalities they have to complete to borrow capital under the programme [...]

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Credit flow warming real estate market

May 18, 2009
Credit flow warming real estate market

It is still too early to talk about the recovery of the real estate market. However, experts say that the stronger credit flow is warming up the market. Credit growth has been increasing steadily with the credit by early May having increased by 11% over the end of 2008. Nearly VND280 trillion worth of loans [...]

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ANZ: Vietnam may slash basic interest rate

May 15, 2009
ANZ: Vietnam may slash basic interest rate

Australia and New Zealand Banking Group (ANZ), in its latest report about Vietnam’s economy released on May 13, mentioned the possibility the State Bank of Vietnam would loosen monetary policies further. ANZ said that since the global financial crisis broke out, the State Bank of Vietnam (SBV) has been one of the central banks most [...]

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Deposit interest rates becoming hotter

May 12, 2009
Deposit interest rates becoming hotter

As all commercial banks have been trying to attract more capital to implement their business plans, they have raised deposit interest rates, thus making the monetary market hotter. Saigon Commercial Bank (SCB) has raised VND deposit interest rates by 0.05%-0.25%, while the deposit interest rates offered by Southern Bank have also increased by 0.3-0.7% per [...]

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Businesses less interested in preferential loans

May 11, 2009
Businesses less interested in preferential loans

VietNamNet Bridge – From April 29 to May 7, commercial banks disbursed VND3,167bil worth of short-term loans under the interest rate subsidy programme, a modest increase of 1.17% over the previous week. The Government has launched two demand stimulus packages to support businessesBy May 7, the whole banking system had disbursed VND272tril worth of short-term [...]

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Deposit interest rates rise above lending rates

May 5, 2009
Deposit interest rates rise above lending rates

With the 4% lending interest rate subsidy programme, lending interest rates have become even lower than deposit interest rates. Under present regulations, with the basic interest rate at 7% per annum, the ceiling lending interest rate is 10.5%. However, taking advantage of the 4% interest rate subsidy programme, businesses are borrowing money at 6.5% at [...]

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Deposit interest rates higher than lending rates

May 4, 2009
Deposit interest rates higher than lending rates

With the 4% lending interest rate subsidy programme, lending interest rates have become even lower than deposit interest rates. Under the current laws, with the basic interest rate of 7% per annum, the ceiling lending interest rate is 10.5%. However, with the 4% interest rate subsidy programme, businesses are borrowing money at 6.5% at maximum. [...]

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Banks fear lack of medium- and long-term capital

April 27, 2009
Banks fear lack of medium- and long-term capital

It is expected that by the end of April 2009, the total mobilised capital will have increased by 7% over December 31, 2008. Meanwhile, outstanding loans are expected to have increased by 5% only. Thanks to banks’ profuse capital, lending interest rates have been stable since mid April, according to the State Bank of Vietnam. [...]

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Long-term interest rate subsidy programme revivifying

April 7, 2009
Long-term interest rate subsidy programme revivifying

VietNamNet Bridge – The news that the government has decided to apply the 4% interest rate subsidy programme for medium- and long-term loans as well has been applauded by businesses. Ho Huu Hanh, Director of the HCM City Branch of the State Bank of Vietnam, said that commercial banks feel happy about the news, as [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...