» Cent Per Year

VnnNews – A number of leading commercial banks expect to reach their profit targets before year’s end, but concerns remain about difficulties . . . VnnNews – A number of leading commercial banks expect to reach their profit targets before year’s end, but concerns remain about difficulties in achieving necessary levels...

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Snapshot of national economy in past eight months; Financial analysts discuss economic restructuring; Government keen to grow electricity industry; Coffee exports fall in value, volume Snapshot of national economy in past eight months  Vietnam has recorded remarkable economic growth over the last eight months. However, the domestic economy...

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Still, we have to wait until depositors accept lower deposit rates, then banks can lower lending rates Still, we have to wait until depositors accept lower deposit rates, then banks can lower lending rates < />   High lending interest rates strangle businesses SBV will inspect banks with overly high interest rates With capital more...

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VnnNews – Even with the trade deficit expanding stubbornly, the foreign exchange picture looks brighter. Selective investments in bank shares advised Catch-22 for small banks raising chartered capital Banks moving to list shares on HCM City exchange Since the start of April 2010, the US dollar-Vietnamese dong exchange...

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The Government has ordered the State Bank of Viet Nam to take action to lower interest rates in order to improve access to credit and boost stalled credit growth. VnnNews – The Government has ordered the State Bank of Viet Nam to take action to lower interest rates in order to improve access to credit and boost stalled credit growth....

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Monetary policy management is taming inflation and revving up the national economic recovery. That was the message from PM Nguyen Tan Dung during last week’s meeting with the State Bank.  With the central bank’s helping hand, local banks are enjoying more fluid liquidity. VnnNews – Monetary policy management...

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Authorities have removed the last lending rate restrictions with an expectation that banks will accelerate pumping money into the economy. VnnNews – Authorities have removed the last lending rate restrictions with an expectation that banks will accelerate pumping money into the economy. Banks set to lower rates amid business...

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VnnNews – The second stimulus package, via a banking rate subsidy programme, could further exacerbate banks’ funding shortages. “With the first bank rate subsidy programme, the banking system has been facing a fund scarcity. Now the second is coming, it is hard to imagine how the system will cope,” said a Vietinbank...

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