December 5, 2011
Slowing inflation and talk of financial reforms have not boosted market sentiment as expected, and analysts are predicting the worst will not be over any time soon. Phan Dung Khanh, research manager at Kim Eng Vietnam Securities Co., said the stock market may move sideways or only recover slightly next year. Macroeconomic measures taken [...]
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September 20, 2011
Employees at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, attend to customers in Hanoi. Several commercial banks announced lending interest rate cuts, but companies complain they are being denied access to the lower rates. Major lenders like VietinBank and Vietcombank have lowered dong lending rates for loans to businesses and manufacturers to [...]
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September 18, 2011
Dong A Bank has been banned from opening new branches for a year. Partly private lender Dong A Bank has been banned from opening new branches for a year after one of its branches was found violating the deposit interest rate ceiling of 14 percent. The central bank said it would also not allow the [...]
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August 1, 2011
Tran Van Tiep (R), 97, has been allowed to explore a mountain in central Vietnam for treasure. Authorities in the central province of Binh Thuan have allowed a man to continue exploring a local mountain for treasure believed to be worth some US$100 billion after terminating the project in February.  Tran Van Tiep, a 97-year-old citizen from Ho [...]
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December 2, 2009
Banks are proving reluctant to raise deposit interest rates, despite the State Bank of Vietnam “green light” raising of basic interest rates to eight percent. Deputy general director of Nam Viet Bank Nguyen Giang Nam said the highest interest rates to be offered by the bank will be 10.5 percent per annum which many banks [...]
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October 29, 2009
LookAtVietnam – A crackdown on labour recruitment offices has been ordered to root out unlicensed operators who are cheating job seekers out of money. Job seekers register for interviews at a job fair in Ha Noi’s Son Tay town. The fairs can help labourers avoid being cheated by unlicensed job centres.Deputy director of the city’s [...]
Tags: centre, centres, Cheated, Contract Carefully, Deposit, Job Seekers, Labour, Phuong, Recruitment, Recruitment Centre, Recruitment Centres, seekers, Son Tay, The Boss, The city, The Deposit, The job, The Labour, Three, unlicensed
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September 3, 2009
VietNamNet Bridge – US$ deposit and lending interest rates offered by commercial banks have been increasing again after a long period of staying at low levels. Banks began raising US$ deposit interest rates in late August and early September, a new trend in the monetary market. Prior to that, in the second quarter of 2009, [...]
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August 6, 2009
The decision by the State Bank of Vietnam to keep the basic interest rate at 7 percent for August has not stopped the race by commercial banks to raise deposit interest rates. The 10 percent deposit interest rate has become more popular as it is being applied by many commercial banks, though the basic interest [...]
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July 30, 2009
After a short interruption of three weeks, deposit interest rates are now increasing again. Nearly ten banks have pushed interest rates up to levels higher than in early July and launched attractive promotion campaigns to attract more deposits. HD Bank, for example, has applied new interest rates since July 27 with the highest interest rate [...]
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June 27, 2009
The country’s two largest banks, BIDV and Agribank, have been selected to receive mobile operators’ deposits for 3G network enrolment. The nation’s telecommunications heavyweights are 3G bound. LookAtVietnam – The country’s two largest banks, BIDV and Agribank, have been selected to receive mobile operators’ deposits for 3G network enrolment. The Ministry of Information and Communications (MIC) [...]
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