April 14, 2009
Small and medium enterprises are seriously lacking foreign currencies to import materials, while they cannot purchase foreign currencies from banks. Businesses now have a big headache as they are thirsty for dollars, while the VND/US$ exchange rate has been on the increase. As banks themselves lack the dollars to sell, a lot of enterprises have [...]
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April 7, 2009
VietNamNet Bridge – Despite the low interest rates and efforts by banks to push up loaning, credit growth remained at a low level in the first quarter of the year. Despite the low interest rates and efforts by banks to push up loaning, credit growth remained at a low level in the first quarter of [...]
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March 2, 2009
Commercial banks have slashed US$ deposit and lending interest rates as the demand has become weaker. While commercial banks’ US$ capital has become more profuse after a period of intense mobilizing from the public, the demand for US$ loans has become weaker as businesses prefer borrowing VND loans under the 4% interest rate subsidy program. Besides, [...]
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