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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September 10, 2011
Vietnam’s central bank on Wednesday ordered commercial lenders to report on their progress in lowering deposit and lending interest rates, Thoi Bao Ngan Hang, a publication of the central bank, reported, citing Governor Nguyen Van Binh. Commercial lenders must send the central bank copies of their internal instructions on reducing deposit and lending interest [...]
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August 30, 2011
Dong deposit rates have been capped at 14 percent. Lowering deposit rates will help reduce borrowing costs for businesses, experts said. With improved bank liquidity, Vietnam’s goal of reducing dong interest rates in September may be well within reach, according to local economists. In early August, the State Bank of Vietnam’s new governor Nguyen Van [...]
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July 4, 2011
There’s not much in the way of good news on the economic front. Clothes on sale at a ÂÂÂshop in Hanoi last week. Vietnam is fighting to beat back raging inflation. Despite repeated revisions of growth and inflation targets, the former downwards and the latter upwards, they are not likely to be met, experts [...]
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January 23, 2010
LookAtVietnam – Seafood exporters are not expecting a prosperous 2010 – despite an upturn predicted for the global economy. Unfortunately there appear to be just too many problems for them to face. We asked one exporter why he remains so pessimistic about business performance in 2010, when export markets are all expected to open more [...]
Tags: Business, cannot, export, Fish Price, Has Increased, increased, interest, Interest rate, Interest rates, Lending Interest, Lending Interest Rates, Per Kilo, Per month, percent, Percent Per, Percent Per Month, price, Price Has Increased, prices, products, rates, seafood, The price, Tra fish, Tra Fish Price
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January 6, 2010
LookAtVietnam – Commercial banks says they are having to dodge the law by offering higher-than-allowed interest rates to depositors while charging borrowers more. They claim that if they didn’t then there’d be left with only limited funds to lend out to assist businesses.While the ceiling lending interest rate is 12 percent per annum, businesses are [...]
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December 4, 2009
LookAtVietnam – The central bank’s decision on raising basic interest rates has triggered a wave of new interest rate increases. Most commercial banks have raised deposit interest rates after the decision on basic interest rate increaseGiang, a small merchant in Hoc Mon District in HCM City has been concerned since yesterday morning, after she received [...]
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September 13, 2009
LookAtVietnam – Animated debate has begun between economic experts over any decision to introduce a second interest rate subsidy package to prop up the economy. A raft of local enterprises have benefited from the interest rate assistance.LookAtVietnam – Animated debate has begun between economic experts over any decision to introduce a second interest rate subsidy [...]
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September 10, 2009
LookAtVietnam – Commercial banks have asked for the removal of the ceiling interest rate scheme and the application of the negotiation-based interest rate scheme. The ‘interest rate war’ lasting several months now has pushed deposit interest rates up to nine percent on 12-month term deposits. Many banks have to mobilise capital at the interest rate [...]
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September 10, 2009
LookAtVietnam – Commercial banks have asked for the removal of the ceiling interest rate scheme and the application of the negotiation-based interest rate scheme. The ‘interest rate war’ lasting several months now has pushed deposit interest rates up to nine percent on 12-month term deposits. Many banks have to mobilise capital at the interest rate [...]
Tags: banks, basic, Basic Interest, Basic Interest Rate, capital, Ceiling interest, Ceiling interest rate, Ceiling interest rate scheme, Ceiling Lending, Ceiling Lending Interest, Ceiling Lending Interest Rate, ceiling:, Deposit, Deposit Interest, Deposit Interest Rates, Downturn Period, economic, Economic downturn, Economic Downturn Period, High interest, In The Post, In The Post Economic, interest, Interest rate, Interest rate scheme, Interest rates, investment, lending, Lending Interest, Lending Interest Rate, Lending Interest Rates, margin, Monetary Policy, National Economy, Nguyen, Of The Basic, Of The Basic Interest, Of The Ceiling, percent, period, Post Economic, Post Economic Downturn, Post Economic Downturn Period, Rate scheme, rates, Said That The, Said That The Ceiling, scheme, That The Ceiling, That The Ceiling Interest, The bank, The Basic, The Basic Interest, The Basic Interest Rate, The ceiling, The ceiling interest, The ceiling interest rate, The Ceiling Lending, The Ceiling Lending Interest, The Lending, The Lending Interest, The Lending Interest Rate, The Monetary, The Monetary Policy, The national, The National Economy, The Post, The Post Economic, The Post Economic Downturn
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