Posts Tagged ‘ Vnd Loans ’

Businesses depositing dollars, not selling dollars

April 14, 2009
Businesses depositing dollars, not selling dollars

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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Credit growth rate low, US$ loans down dramatically

April 7, 2009
Credit growth rate low, US$ loans down dramatically

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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Oversupply, short demand forcing US$ interest rates down

March 2, 2009
Oversupply, short demand forcing US$ interest rates down

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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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...