January 18, 2012
Many lenders in Vietnam are trying to attract individual clients Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On [...]
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January 25, 2010
A panel advertising interest rates of 10.49 percent on dong deposits outside a SeABank office in Ho Chi Minh Cityâs District 1. The ongoing liquidity crunch is forcing commercial banks to break the law on interest rates in order to raise enough funds for lending, experts say. They are offering bonus percentage points on deposits [...]
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December 14, 2009
LookAtVietnam – Local banks have increased interest rates on dong deposits to attract funds following the central bank’s move to raise the base rate. Soon after the benchmark rate was raised from 7 to 8 percent effective this month, commercial banks lifted up their dong deposit rates by 0.7-1.3 percentage points to more than 10.5 percent [...]
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December 13, 2009
Liquidity in the foreign currency market has ‘improved noticeably,’ the central bank said Local banks have increased interest rates on dong deposits to attract funds following the central bankâs move to raise the base rate. Soon after the benchmark rate was raised from 7 to 8 percent effective this month, commercial banks lifted up their [...]
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December 8, 2009
LookAtVietnam – Economists believe that there will not be big changes in interest rate policy before the end of the first quarter of 2010. Short term deposits have high interest rates Thanh, a depositor in Go Vap District in HCM City, tried to find a bank which offered high interest rates at more than 10.5 percent [...]
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December 2, 2009
Banks are proving reluctant to raise deposit interest rates, despite the State Bank of Vietnam “green light” raising of basic interest rates to eight percent. Deputy general director of Nam Viet Bank Nguyen Giang Nam said the highest interest rates to be offered by the bank will be 10.5 percent per annum which many banks [...]
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November 19, 2009
LookAtVietnam – Commercial banks are concerned at slow foreign currency capital mobilization while demand for capital is increasing towards the year end. Unlike the second quarter of the year, when banks could not persuade clients to borrow dollars instead of VND because they had abundant dollars to lend, they are now facing difficulties in attracting [...]
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November 17, 2009
LookAtVietnam – A curious phenomenon can be seen at commercial banks – the 9.99 percent interest rate for all kinds of deposits. With several hundred million dong in his pocket, Phuc wants to make a deposit. He has checked information on interest rates offered by different banks and noticed all offer 9.99 percent – the [...]
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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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October 6, 2009
LookAtVietnam – It’s generally understood that SBV wants to keep loan interest rates low. However, banks still keep raising deposit interest rates. ‘Elder banks’ jump onto the bandwagon The Bank for Investment and Development of Vietnam (BIDV) and Agribank, which typically do not join the ‘interest rate race,’ nudged up their rates last week, following the lead [...]
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