February 4, 2010
LookAtVietnam – Vietnamese rubber producers have put high hopes in 2010 which they believe will bring prosperity with price expected to increase by 30 percent. The Vietnam Rubber Association, said that it expects to export 750,000 tonnes of rubber in 2010 and reap $1.5 billion in export revenue thanks to a 30 percent price increase. International [...]
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February 4, 2010
LookAtVietnam – Vietnamese footwear producers have set up an ambitious plan of gaining 50 percent of the domestic market share in 2010, far exceeding the current level of 30 percent. According to the Leather and Shoes Research Institute, Vietnamese people use 130 million pairs of shoes per annum, or 1.5 pairs per person per annum. [...]
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February 2, 2010
LookAtVietnam – Businesses are complaining that their business plan have been damaged because banks refuse to provide loans. X., director of a construction company, has paid back his four billion dong debt that just matured. The bank promised to provide another loan, but then refused, even though the new loan would be equal to ¼ [...]
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January 27, 2010
LookAtVietnam – Commercial banks are proposing the ceiling interest rate scheme is removed, saying it has caused major difficulties in capital mobilization and lending. According to the governor of the State Bank of Vietnam Nguyen Van Giau, five out of 16 banks in HCM City have been found to have outstanding loans double the mobilized [...]
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January 18, 2010
The interbank interest rate last week saw interest rates on all kinds of loans decrease by 0.07-2.23 percent, following previous week’s interest rate decrease trend. For the second consecutive week, the interbank interest rate decreased considerably. Interest rates of overnight and one week loans, which are the most popular, dropped sharply by 2.23 percent and [...]
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January 18, 2010
LookAtVietnam – Commercial banks are still collecting additional fees from borrowers, despite SBV’s warnings. The current basic interest rate is eight percent per annum, which means that commercial banks can lend money at no more than 12 percent per year. Businesses complain that the actual interest rate is 15-16 percent. T., Director of a telecommunication company, contacted [...]
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January 11, 2010
LookAtVietnam – Surveys have shown that conquering the domestic market is completely within reach of Vietnamese producers. ‘Tu Quy’ brand rice sold at Maximart in HCM CityIn early 2010 Vietnam conducted a survey to find out how expatriate consumers regard Vietnam-made products. The findings were impressive and a nice surprise. Vietnam products received 3.7 in [...]
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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 28, 2009
LookAtVietnam – The Secretary General of the Vietnam Banking Association (VNBA) claims the liquidity difficulties are temporary. Secretary General Duong Thu Huong, in the interview given to Dau Tu Chung Khoan, stated that the demand for capital always increases in the fourth quarter, when businesses make payments as well as disbursement and clear stocks. Commercial [...]
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December 24, 2009
LookAtVietnam – With difficulties in locating capital from the public, commercial banks are seeking capital in the interbank market, pushing up the interbank interest rates. According to the State Bank of Vietnam (SBV), interest rates on the interbank market are increasing, with average interest rates reaching over 10 percent per annum. Six month term loans [...]
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