December 23, 2009
Experts have been called on to set up a legal framework to call for capital for real estate projects, or Vietnam will never be able to meet the demand for accommodation. A real estate conference which gathered late last week heard that in 2008 loans provided to fund real estate projects were 132,545 billion dong, [...]
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December 14, 2009
Vietnam will halve the subsidy provided on medium- and long-term corporate loans next year amid concern the program is stoking credit growth and inflation. The subsidy paid on these local-currency loans will be cut to 2 percent of borrowing costs from 4 percent for companies in the agriculture, forestry, seafood and processing industries, according to [...]
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December 14, 2009
In an effort to push economic recovery and sustain macro-economic stability, the Government has pledged to continue offering subsidies at a rate of 2% per year . . . Subsidies will be offered to long- and medium-term Vietnamese currency loans taken out of commercial banks for the purpose of funding agriculture and forestry, fisheries, the [...]
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October 31, 2009
LookAtVietnam – The rollover of 2009 loan subsidy programme funds could be limited due to safety restrictions. Government bonds are being pointed to as a safe way for banks to lock up their excess fundsNguyen Thi Kim Thanh, head of the State Bank’s Banking Development Institute, said around VND10 trillion ($560 million) in short-term loans [...]
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October 13, 2009
WB lends 1.9 mln USD to Ca Mau power project; Construction firm expected to stir up IPO market; Cassava exports double this year Securities investors on trading floorConstruction firm expected to stir up IPO market The Song Hong Corporation under the Ministry of Construction will make an initial public offering (IPO) of 30 million shares [...]
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September 28, 2009
Commercial banks in Ho Chi Minh City have seen credit expand by about 33.6 percent from the end of 2008, a local newspaper reported Monday. Ho Huu Hanh, director of the State Bank of Vietnamâs branch in HCMC, told the Thoi Bao Kinh Te Saigon newspaper that outstanding loans in the first three quarters of [...]
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September 8, 2009
LookAtVietnam – Chairman of the Economics Committee Ha Van Hien said that he does not think it is necessary to continue the interest rate subsidy package. Chairman of the National Assembly’s Economics Committee Ha Van HienIt has recently been proposed that a new small-scale interest rate subsidy package, called the ‘overnight subsidy package’, be initiated [...]
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September 3, 2009
LookAtVietnam – The increases of US$ deposit and lending interest rates are thought to be the main reasons that US$ bonds are currently unsalable. Banks cannot purchase long-term bonds with short-term capital $100 million worth of one-year bonds were sold in last week’s issuance, but only $47 million worth of two-year bonds and 20 percent of [...]
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August 27, 2009
LookAtVietnam – The medium-and long-term interest rate subsidisation package has not caught the attention of either bankers and businesses. Businesses indifferent While the short-term interest rate subsidisation package aims to provide working capital for businesses, the second package aims to help businesses get more capital to expand production scale and make reinvestment. Dr Tran Du Lich, a well-known [...]
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August 14, 2009
LookAtVietnam – The monetary market has seen a prompt reaction since the State Bank decided that commercial banks can only use 30 percent of short-term mobilised capital for long-term loans. Under the previously applied regulation, banks could use up to 40 percent of short-term mobilised capital for long-term loans. However, in an effort to control [...]
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