January 14, 2012
Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market interest rates,” central bank Governor Nguyen [...]
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November 19, 2011
An undated file photo taken at the Toyota Vietnam plant. Toyota President Akio Toyoda said last week the company isn’t considering reducing investment in Thailand. Japanese companies, Thailand’s biggest foreign investors, may spend more to build factories in neighbors including Indonesia and Vietnam after the worst flooding in 70 years disrupted global production. “Executives recognize [...]
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October 21, 2011
Visitors look at models of residential towers of a real estate development project during an exhibition on construction and property held in Hanoi. Vietnam’s property market has “slowed down” as higher interest rates made it difficult for potential buyers to finance purchases, said CapitaLand Ltd., Southeast Asia’s biggest property developer. The nation’s inflation rate in [...]
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October 1, 2011
Vietnam’s central bank said it will cap interest rates on dong deposits that are non-term and those less than a month at 6 percent to address “liquidity risks,” amid concerns about the health of the nation’s banking system. The State Bank of Vietnam will maintain the existing 14 percent rate cap on deposits of [...]
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April 17, 2011
Agribank Financial Leasing Company No. 2, a unit of state-owned Vietnam Bank for Agriculture and Rural Development, lost VND3 trillion (US$143 million) in 2009 because of “serious” mismanagement, Vietnam’s state auditor said in a report obtained by Bloomberg News. The auditor recommended in the report that the government investigate any violations and consider restructuring [...]
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March 30, 2011
Motorcyclists ride by a newly developped residential quarter in Hanoi Vietnam’s growth slowed in the first quarter after the central bank raised key interest rates to among the highest levels in Southeast Asia to tame inflation. Â Gross domestic product climbed 5.43 percent in the three months through March from a year earlier, according to [...]
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December 13, 2009
Vietnamâs central bank may have to maintain âtightâ monetary policy into 2011 to keep inflation under control, Goldman Sachs Group Inc. predicted. The State Bank of Vietnam raised its benchmark interest rate to 8 percent as of December 1 from 7 percent, after keeping borrowing costs unchanged since February. The central bank had previously cut [...]
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November 13, 2009
The proceeds of Vietnamâs debut sovereign bond in 2005 â“ totaling US$750 million â“ are currently on-lent to the shipbuilding group Vinashin. Vietnam aims to sell US$1 billion worth of dollar-denominated bonds overseas by the end of this year or early 2010, a finance ministry official said. Prime Minister Nguyen Tan Dung has asked the [...]
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November 6, 2009
Vietnamâs legislators have set an economic growth target of 6.5 percent for next year, asking the government to reform the economy for sustainable growth. In a resolution passed Friday morning, the National Assembly said the countryâs main economic goal next year was to expand at a faster pace and in a more stable manner than [...]
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October 23, 2009
Vendors sit behind their vegetable stalls at a Hanoi market Vietnamese inflation accelerated for a second month, driven by higher food prices amid faster economic expansion. Prices climbed 2.99 percent in October from a year earlier after gaining 2.42 percent in September, the General Statistics Office said in Hanoi Friday. On a monthly basis, prices [...]
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