December 29, 2009
LookAtVietnam – Dr Tran Du Lich stressed that in 2010, a credit growth rate of 25 percent would be reasonable. Dr Tran Du LichDr Tran Du Lich is a Member of the National Advisory Council for Monetary Policies. Dau tu chung khoan: The Government has decided that the credit growth rate in 2010 would be curbed [...]
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November 14, 2009
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 market, [...]
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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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June 26, 2009
Vietnamese economists have suggested not applying the 4 percent interest rate subsidy programme past December 31, 2009 after similar advice was given by World Bank experts. The construction industry has got the high growth rate of 8 percentWhen asked why they think that the interest rate subsidy programme should not be extended, the economists said [...]
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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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June 5, 2009
The State Bank of Vietnam (SBV) has denied the opinion that money from the interest rate subsidy programme has been used for wrong purposes or going to the stock market. Director of the Monetary Statistics and Forecasting Department under SBV Nguyen Huu Nghia affirmed that no big cash volume from the demand stimulus package has [...]
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June 5, 2009
The State Bank of Vietnam (SBV) has denied the opinion that money from the interest rate subsidy programme has been used for wrong purposes or going to the stock market. Director of the Monetary Statistics and Forecasting Department under SBV Nguyen Huu Nghia affirmed that no big cash volume from the demand stimulus package has [...]
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June 1, 2009
As localities are still having difficulties implementing the programme on providing preferential loans, farmers still cannot get money to purchase agricultural machines. Having sold paddies, Nguyen Tan Dat in Hon Dat district in Kien Giang province has decided to purchase a reaper. However, Dat cannot purchase the machine, though he has found a good one, [...]
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May 27, 2009
VietNamNet Bridge – The VNIndex has been breaking barriers on its march to the 450-point threshold. It is now not a surprise now to see a trading session with the trade volume of 1,500 billion dong. Where is the cash for stock investments coming from?The HCM City Stock Exchange is matching orders for the trading of [...]
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May 27, 2009
VietNamNet Bridge – The risk of high inflation is evident, says Associate Professor Ngo Tri Long from the Market and Price Research Institute. Associate Professor Ngo Tri Long from the Market and Price Research InstituteThe CPI increased by 0.44 percent in May, considerably above the rate for the two previous months and the highest increase [...]
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