August 11, 2009
Tellers count money at a Viet Bank branch in Ho Chi Minh City. Vietnam will restrict commercial banks from giving loans with short-term funds to ensure the stability of the banking system, according to a statement on the central bankâs website Monday. State Bank of Vietnam Governor Nguyen Van Giau has set a maximum limit [...]
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July 22, 2009
The State Bank of Vietnam has announced the bad debt ratio of the banking system at 2.52 percent of total outstanding loans, an increase of 0.35 percent over the end of 2008. Should this be worrying? According to Le Xuan Nghia, Deputy Chairman of the National Committee for Finance Supervision, the announced bad debt ratio, [...]
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July 18, 2009
A worker cleans an ATM booth of VietinBank in Ho Chi Minh City. The State Bank of Vietnam has asked the countryâs biggest lenders to restrict loan growth this year at 25 percent on accelerating inflation concerns. The Lao Dong newspaper on Friday cited a central bank report as saying state-owned banks and two partly [...]
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June 12, 2009
VietNamNet Bridge – While disbursement under the short-term interest rate subsidy programme has been very successful with a high volume of capital loaned, the medium- and long-term interest rate subsidy programme has been going very slowly. Statistics show that 331,906 billion dong has been disbursed under the short-term interest rate subsidy programme. Meanwhile, the preferential [...]
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May 11, 2009
LookAtVietnam – Banks continue to increase interest rates on mobilized loans, sending them soaring almost non-stop.According to the State Bank of Vietnam (SBV), the monetary situation was stable last week as interest rates offered by a number of commercial banks for VND capital mobilised on a 12 month or longer term only increased by 0.2-0.5 [...]
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April 13, 2009
LookAtVietnam – Many businesses, particularly small-and medium-sized, have found it difficult to access bank loans through HCM City’s economic stimulus program, said many participants at a meeting between businesses and commercial banks held on April 9 in HCMC. LookAtVietnam – Many businesses, particularly small-and medium-sized, have found it difficult to access bank loans through HCM [...]
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April 7, 2009
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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