March 8, 2011
A branch of Vietnam International Bank Five partially-private lenders committed numerous violations in implementing the government’s interest rate subsidy plan during the economic downturn. State inspectors charged that Vietnam International Bank, Military Bank, Techcombank, Sacombank and Asia Commercial Bank caused a total loss of around VND160 billion to the state budget, VnExpress reported Sunday. Under the interest rate [...]
Tags: banks, Economic downturn, interest, Interest rate, Interest rate subsidy, Interest Rate Subsidy Plan, International Bank, Rate subsidy, Rate Subsidy Plan, subsidy, Subsidy Plan, The interest, The interest rate, The interest rate subsidy
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January 2, 2010
Prepaid subscribers pushing and shoving to register their personal information at a MobiFone store in Ho Chi Minh City Several new regulations will come into force on January 1 while others will be amended. 1. UNEMPLOYED TO GET PAIDJobless people who have paid unemployment insurance for at least 12 months since last January when the [...]
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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 – Though the State Bank of Vietnam has applied stable interest and exchange rate policies in 2009, the market still see-sawed at times. Monetary policies stable For 2009, monetary policies became more stable than in 2008, when policies were adjusted regularly. In 2008, the basic interest rate was adjusted eight times, the compulsory reserve ratio [...]
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December 22, 2009
Customers disembark from a Sai Gon-Thu Duc express bus in HCM City. Transport demand is forecast to rise by five to 10 per cent during the Tet holiday.LookAtVietnam – All major bus stations in Ha Noi and HCM City are adding more buses during the Tet holiday.Transport demand is forecast to rise by five to [...]
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December 14, 2009
Vietnam will halve the subsidy provided on medium- and long-term corporate loans next year amid concern the program is stoking credit growth and inflation. The subsidy paid on these local-currency loans will be cut to 2 percent of borrowing costs from 4 percent for companies in the agriculture, forestry, seafood and processing industries, according to [...]
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December 14, 2009
Authorities in HCM City said they needed VND820 billion in subsidies instead of the previous request for VND700 billion to fund the city’s bus service next year. Speaking at the second day of the council’s 17th session, People’s Council Deputy Tran Quang Phuong, director of the municipal Department of Transportation, said the city must increase [...]
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December 5, 2009
Vietnam will limit imports not essential to the economy and try to increase exports to quickly narrow the trade deficit, Prime Minister Nguyen Tan Dung said. The Ministry of Industry and Trade will work with other agencies to adopt measures including tariffs to curb the import of non-essential goods, as well as implement other initiatives [...]
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December 4, 2009
LookAtVietnam – Banks have said new customers will find it hard to obtain bank loans as they have difficulty mobilizing funds from the public despite higher interest rates. Nguyen Quoc Sy, deputy general director of Western Commercial Bank, said his bank had been unable to lure as much capital from the public as expected and [...]
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December 3, 2009
Vietnamâs government has told international organizations that it has shifted its economic focus toward stability, saying it will tighten its monetary policy and work to improve the balance of payments. Vietnam will âtransfer from a loose monetary policy to a cautious, flexible policy, to ensure a reasonable credit growth rate, thus supporting the targets of [...]
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Vietnam says to move away from loose monetary policy
Vietnamâs government has told international organizations that it has shifted its economic focus toward stability, saying it will tighten its monetary policy and work to improve the balance of payments. Vietnam will âtransfer from a loose monetary policy to a cautious, flexible policy, to ensure a reasonable credit growth rate, thus supporting the targets of [...]
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