Look At Vietnam

Tag: Per Cent Per

My Son tourism to drive socio-economic progress

December 4, 2009  . Filed under News, Travel

My Son tourism to drive socio-economic progress

The development of tourism at My Son heritage site will be a major motivation for socio-economic progress in Duy Xuyen District in the central province of Quang Nam World heritage: People in Duy Xuyen District, Quang Nam Province gather yesterday to celebrate the tenth year since My Son was recognised by the United Nations Education, Science and Culture Organisation... Read more

Acute funding shortages

November 14, 2009  . Filed under Business, News

Acute funding shortages

LookAtVietnam - The second stimulus package, via a banking rate subsidy programme, could further exacerbate banks’ funding shortages. “With the first bank rate subsidy programme, the banking system has been facing a fund scarcity. Now the second is coming, it is hard to imagine how the system will cope,” said a Vietinbank official.The interbank... Read more

Banks offer deals to attract deposits

November 13, 2009  . Filed under Business, News

Banks offer deals to attract deposits

LookAtVietnam – Numerous banks are offering certificates of deposit and promotions to absorb idle money. At VIB, individual customers who have deposited money for more than one month are given free accident insurance with Bao Viet Insurance.Notably, banks have already raised annual deposit interest rates to 9.9 per cent, which has reduced their profit margin.... Read more

Credit growth fears to limit loans

October 31, 2009  . Filed under Business, News

Credit growth fears to limit loans

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 of less than... Read more

State Bank leaves prime rate at 7%

August 4, 2009  . Filed under Business, News

State Bank leaves prime rate at 7%

LookAtVietnam – The prime rate will remain unchanged at 7 per cent for this month, the State Bank of Viet Nam said in a statement released yesterday, August 3. The prime rate will remain unchanged at 7% for this month.LookAtVietnam - The prime rate will remain unchanged at 7 per cent for this month, the State Bank of Viet Nam said in a statement released... Read more

July CPI climbs in nation’s two major cities

July 21, 2009  . Filed under Business, News

July CPI climbs in nation’s two major cities

LookAtVietnam – The capital’s consumer price index (CPI) inched up 0.77 per cent in July compared with the previous month - a 10.94 per cent rise over the same period last year. The CPI in HCM City rose 0.68 per cent compared with June, representing an average growth rate of 0.54 per cent per month in the January-July period.The Ha Noi Statistics... Read more

Bank risk policies back on agenda

July 5, 2009  . Filed under Business, News

Bank risk policies back on agenda

Banks have been quick to talk down risk management risks.  LookAtVietnam - Consumer credit is rapidly growing after escaping interest rate cap constraints, triggering regulators’ concerns about banks’ risk management.  The State Bank last week sent a directive asking commercial lenders to assess their consumer lending systems to ensure loans... Read more

Central bank caps credit growth at 30%

June 19, 2009  . Filed under Business, News

Central bank caps credit growth at 30%

LookAtVietnam – The central bank will restrain credit growth this year to no more than 30 per cent, under a plan approved by the Government, State Bank of Viet Nam Governor Nguyen Van Giau said on Wednesday. In the first five months of the year, credit grew at an average rate of 14 per cent over the same period last year.The cap replaces a 25-per-cent limit... Read more

Market eyes safety zone

June 14, 2009  . Filed under Business, News

Market eyes safety zone

LookAtVietnam - The forex market is heading into the safety zone as major players vow to keep the market in check. In a mid-year banking conference organised by the State Bank in May, three state-owned banks and joint stock bank Vietcombank reached a consensus to deeply cut their foreign currency mobilisation and lending rates. From June 1 these banks, with a... Read more

MoF set to re-calibrate its bonds after dud auctions duds

June 14, 2009  . Filed under Business, News

MoF set to re-calibrate its bonds after dud auctions duds

LookAtVietnam - The Ministry of Finance may adjust plans to sell government bonds following a series of failed auctions since early this year. Vice minister of Finance (MoF) Tran Van Hieu said that the economic slowdown and global financial crisis were hurting government bond auctions. “We will have other plans for bond issuances following these failures... Read more

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