January 23, 2012
Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m. [...]
Tags: According, And Limit Declines, Bloomberg, Central, Central bank, Chi minh, Chi minh city, currency, dollar, Ho Chi, Ho Chi Minh, Ho Chi Minh City, In The Dong, index, inflation, interest, Interest rates, Last year, Ldquo, Limit Declines, Minh city, month, Per Dollar, percent, rates, Rdquo, Since Dec, stock, Stock Index, The central, The central bank, The Currency, The Dong, The previous, Vietnam
Posted in Business | Comments Off
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 [...]
Tags: 13 Percent, 15 Percent, Asset Quality, banking, Banking Sector, Binh Said The, Central bank, currency, eases, economic, Fastest, Fastest Inflation, Fastest Inflation Eases, First quarter, growth, inflation, Inflation Eases, interest, Interest rates, Last month, Last year, Last Year The, Ldquo, More Suitable, nation, percent, policy, rates, Rdquo, Recent, Said Last, Said Last Month, Said ldquo, slowing, State bank, The Banking, The Banking Sector, The Currency, The Dong, The first, The first quarter, The Nation, The state, The state bank, The world, The World Bank, This year, Vietnam, world, World Bank, Yesterday
Posted in Business | Comments Off
January 11, 2012
Vietnam will adjust policy interest rates to “more suitable” levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said. “We believe that 2012 will be a hard year, a challenging year for Vietnam’s economy,” Binh said at a conference in Hanoi [...]
Tags: 13 Percent, 15 Percent, banking, Banking Sector, Binh Said The, currency, December, economy, First quarter, growth, inflation, interest, Interest rates, Last year, Last Year The, Ldquo, percent, Percent This Year, rates, Rdquo, Said The Nation, State bank, The Banking, The Banking Sector, The Currency, The Dong, The economy, The first, The first quarter, The Nation, The state, The state bank, The world, The World Bank, The World Bank Said, This year, Vietnam, world, World Bank, World Bank Said
Posted in Business | Comments Off
January 11, 2012
Vietnam’s five-year bonds on Monday fell on speculation an increase in money-market rates prompted banks to sell the securities to raise cash. The dong was steady. Overnight interbank borrowing rates climbed to 12.25 percent Monday, the highest level since Dec. 16, from 11.95 percent on Jan. 6, data compiled by Bloomberg show. The money [...]
Tags: According, banks, Bloomberg, Bonds, By Bloomberg The, Central bank, Compiled, Data Compiled, Financial Supervisory, Financial Supervisory Commission, Five Year, Hanoi, Monday, Money Market, percent, Raise Cash, Reference Rate, Since Dec, Supervisory Commission, The central, The central bank, The Currency, The Dong, The Dong Was, The Reference, The Reference Rate, To Raise Cash, Vietnam
Posted in Business | Comments Off
January 10, 2012
Vietnam’s government may weaken the dong this year as gold buying puts downward pressure on the currency, according to economists who advise the prime minister. The country may adjust the dong-dollar reference rate by five percent to six percent in 2012, the National Financial Supervisory Commission wrote in a report released in Hanoi on [...]
Tags: According, currency, Last year, Last Year The, May Adjust, percent, pressure, Reference Rate, Report:, The Currency, The Dong, The report, The Report Said, Vietnam
Posted in Business | Comments Off
January 3, 2012
A street vendor walks past a Chanel SA store inside the Rex Hotel in downtown Ho Chi Minh City, Vietnam, on Tuesday, Dec. 27, 2011. Vietnam’s growth held near 6 percent this quarter, reducing the pressure for further monetary tightening after higher interest rates limited the boost to the economy from exports and domestic consumption. [...]
Tags: based, Biggest Publicly, Biggest Publicly Traded, billion, Chi minh, Chi minh city, December, December 29, Described This Month, economic, economy, Economy Expanded, exports, Fourth, Fourth Quarter, Fourth Quarter Growth, Full Year, General, General Statistics, General Statistics Office, General Statistics Office Said, growth, Ho Chi, Ho Chi Minh, Ho Chi Minh City, Hong kong, Hong Kong Based, In The Fourth, In The Fourth Quarter, income:, inflation, interest, Interest rates, Kong Based, Ldquo, Lending Rates, Little Changed, market, Minh city, monetary, month, Of The Year, Office, percent, profit, Publicly Traded, quarter, Quarter Growth, rates, Rdquo, Said This Month, Statistics, Statistics Office, Statistics Office Said, stock, Struggled This Year, The country, The Dong, The economy, The Fourth, The Fourth Quarter, The general, The General Statistics, The General Statistics Office, The Ho, The Statistics, The Statistics Office, The tet, The Trade, The world, The World Bank, The year, This month, This year, Vietnam, Vietnamese, VN-Index, Was Little Changed, World Bank
Posted in Business | Comments Off
December 23, 2011
Vietnam’s two-year bonds gained Friday on speculation commercial lenders will lower interest rates after inflation slowed for a fourth month. The dong advanced. Consumer prices climbed 18.13 percent this month from a year earlier, compared with a 19.83 percent increase in November, according to data from the General Statistics Office Friday. Interest rates on [...]
Tags: 10-percent, According, Bloomberg, By Bloomberg The, Central, Central bank, Friday, inflation, interest, Interest rates, Its Website, Next Year, percent, rates, The central, The central bank, The Dong, Two Year, Vietnam
Posted in Business | Comments Off
December 20, 2011
Vietnam’s five-year bonds gained the most since August after the central bank added cash to the financial system, increasing the amount of funds available for lenders to invest in debt. The dong was little changed. “Liquidity is good as the State Bank of Vietnam has been injecting money into the system through open-market operations,” [...]
Tags: According, Bloomberg, Bonds, Central, Central bank, Five Year, Most Since August, Since August, The central, The central bank, The Dong, Vietnam
Posted in Business | Comments Off
December 19, 2011
Vietnam’s bonds gained Monday on speculation the largest banks are putting cash into debt rather than making loans. The dong dropped. Vietnam Development Bank, a state-owned lender that raises funds for government projects, sold all of the VND1.9 trillion of bonds ($90 million) it auctioned on Dec. 16, according to statements on the Hanoi [...]
Tags: According, banks, Bloomberg, Bonds, By Bloomberg The, Commercial banks, Dec 16, percent, The Dong, Vietnam
Posted in Business | Comments Off
November 26, 2011
Vietnam’s inflation slowed for a third month in November, and the central bank signaled it may consider lowering interest rates. Consumer prices rose 19.83 percent from a year earlier, after climbing 21.59 percent in October, the General Statistics Office said in Hanoi Friday. The State Bank of Vietnam has room to cut policy rates [...]
Tags: Asia-Pacific, billion, Bloomberg, Central bank, Climbed, earlier, economic, Economic growth, exports, Food Prices, Friday, Government, growth, Hanoi, Hanoi Friday, Hong kong, impact, In Hanoi Friday, In Hong Kong, In November From, In November From October, In The First, inflation, Last month, Ldquo, monetary, month, months, November, November From October, October, Pacific, percent, policy, Policy Rates, prices, Prices Rose, rates, Rdquo, Rice Prices, State bank, Statistics Office, Statistics Office Said, Telephone Interview, The Currency, The Dong, The first, The Impact, The state, The state bank, The vietnamese, This month, Trade deficit, Vietnam, Vietnam Industrial, Vietnamese, Year Earlier
Posted in Business | Comments Off
