October 25, 2011
Vietnamese inflation slowed for a second month, an easing that may reduce pressure on the central bank to further increase interest rates. Consumer prices rose 21.59 percent in October from a year earlier, according to data released by the General Statistics Office in Hanoi Monday. The inflation rate fell to 22.42 percent last month [...]
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July 26, 2011
Vietnam’s central bank should pump more money into the economy, while taking care to ensure it doesn’t fuel inflation, a senior Vietnamese government advisor said. Money supply expanded at 2.45 percent in the first six months of the year, well below the government’s 16 percent annual target, which has also led to slowing credit [...]
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July 15, 2011
As inflation slows and liquidity improves, the high dong deposit rates offered by commercial banks could fall slightly in the coming months, Nguyen Thi Mui, a member of the National Advisory Council for Financial and Monetary Policies, tells Thanh Nien Weekly. Thanh Nien Weekly: Firms say that interest rates are too high now at [...]
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July 5, 2011
Vietnamese banks’ high dong interest rates are expected to cool slightly due to improved liquidity as the central bank cut one of its key rates to tackle distorted rate-levels, bankers said on Monday. On Monday, the central bank lowered the cost of funds for banks via open market operations, cutting the reverse repo rate [...]
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January 1, 2011
A staff member hands stacks of cash to a client at a bank in Ho Chi Minh City. High interest rates have become roadblocks in public access to loans. Ho Anh Thu, an IT engineer in Hanoi, lives in a cramped flat with five other family members on Kim Giang Street. For several months, she [...]
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August 31, 2009
LookAtVietnam – The following are extracts from the speech delivered by Governor of the State Bank of Vietnam Nguyen Van Giau on the role of the monetary policy in the post-recession period. Governor of the State Bank of Vietnam Nguyen Van GiauAs the global economy has fallen into recession, a lot of countries in the [...]
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August 29, 2009
Inflation next year would be around 10 percent if bank loans and the money supply (M2) expand 25-27 percent, central bank governor Nguyen Van Giau said. Vietnamâs economic growth next year is forecast to accelerate to between 6 percent and 6.5 percent, from 5.0-5.2 percent expected for 2009, the central bankâs governor said in a [...]
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August 20, 2009
LookAtVietnam – Dr Tran Du Lich, a well-known economist said that Vietnam needs to continue the interest rate subsidisation packages, and reduce the subsidised interest rates. Dr Tran Du LichTBKTVN: What is your comment about the impacts of the short-term interest rate subsidisation package which terminates on December 31, 2009? Lich: The short-term demand stimulus package [...]
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July 21, 2009
Smaller job losses, rising stock prices and stabilization in homebuilding and manufacturing are evidence that the US governmentâs efforts to stem the financial crisis and lower borrowing costs may pay off The index of US leading indicators rose in June for a third consecutive month, reinforcing signs the economy may be emerging from the worst [...]
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July 15, 2009
China’s foreign exchange reserves hit a new high of 2.13 trillion U.S. dollars at the end of June, adding to the belief that the world’s third largest economy is on track for recovery, but also raising concerns about the influx of speculative capital betting on fast-ballooning asset prices. China added new reserves of 185.6 billion [...]
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