October 8, 2011
Vietnam’s central bank increased its refinancing rate for the first time since May, as the nation tries to steady its currency and tame Asia’s fastest inflation. The State Bank of Vietnam raised the refinancing rate to 15 percent from 14 percent, effective Oct. 10, it said in a statement on its website Thursday. The [...]
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July 15, 2011
As inflation slows and liquidity improves, the high dong deposit rates offered by commercial banks could fall slightly in the coming months, Nguyen Thi Mui, a member of the National Advisory Council for Financial and Monetary Policies, tells Thanh Nien Weekly. Thanh Nien Weekly: Firms say that interest rates are too high now at [...]
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April 11, 2011
Vietnam’s central bank raised the amount of dollar deposits lenders must set aside as cash to curb the use of foreign currency in the nation and stabilize the dong. The reserve ratio on deposits held in the US currency will increase by 2 percentage points to a range from 3 percent to 6 percent [...]
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December 24, 2010
An investor watches market movements at a stock exchange in Ho Chi Minh City. Experts said the stock market will grow next year, but the rally will not be very strong. Local stocks are likely to rise next year on signs of an improved economy, but the rally will not be very strong due to [...]
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December 23, 2009
LookAtVietnam – Economists and businesses have criticized the State Bank of Vietnam for its excessively cautious monetary policy. Businesses complain that they cannot borrow money from banksTran Anh Hiep, the owner of wood workshop in Hoc Mon district in HCM City: Our workshop specializes in making furniture and cupboards. We earn revenue of some 300 million [...]
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September 21, 2009
LookAtVietnam – Businesses will soon find out if the stimulus package will continue beyond its originally planned end oft December 31. The Ministry of Planning and Investment (MPI) says it will soon submit the economic development plan to be implemented after the current demand stimulus package ends. Questions have already been raised as to whether the [...]
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September 10, 2009
LookAtVietnam – Commercial banks have asked for the removal of the ceiling interest rate scheme and the application of the negotiation-based interest rate scheme. The ‘interest rate war’ lasting several months now has pushed deposit interest rates up to nine percent on 12-month term deposits. Many banks have to mobilise capital at the interest rate [...]
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September 10, 2009
LookAtVietnam – Commercial banks have asked for the removal of the ceiling interest rate scheme and the application of the negotiation-based interest rate scheme. The ‘interest rate war’ lasting several months now has pushed deposit interest rates up to nine percent on 12-month term deposits. Many banks have to mobilise capital at the interest rate [...]
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September 5, 2009
Policy makers in Southeast Asiaâs biggest economies may begin to remove monetary stimulus in their financial systems as early as the second quarter of 2010 as growth resumes, according to UBG AG. Singapore may shift its currency stance to one that allows for a modest and gradual appreciation of its exchange rate, while Thailand, Indonesia [...]
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September 5, 2009
Policy makers in Southeast Asiaâs biggest economies may begin to remove monetary stimulus in their financial systems as early as the second quarter of 2010 as growth resumes, according to UBG AG. Singapore may shift its currency stance to one that allows for a modest and gradual appreciation of its exchange rate, while Thailand, Indonesia [...]
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